On January 2, 2025, the T3 Financial Crime Unit reported freezing over 100 million in suspected criminal assets. This collaborative effort by Tether, Tron, and TRM Labs effectively intervenes in financial crimes, including money laundering and investment fraud. The unit’s success sends a strong message against using stablecoins like USDT for illegal activities.

Tether’s market cap began declining, dropping by 3 billion USDT since its peak. European regulation concerns contribute to this shrinkage, creating uncertainty for stablecoin issuers. Despite this, Paolo Ardoino, CEO of Tether, dismissed such concerns as unfounded, asserting they were mere attempts by competitors to incite fear and doubt (FUD) in the market.