June 17 (Cointime) - Tether, the company behind USDT stablecoin, has responded to concerns raised about its operational decisions. According to documents released by the New York Attorney General, Tether deactivated around 29 accounts belonging to prominent cryptocurrency players in 2021, with most individuals on the list having their accounts terminated for various reasons.

Tether clarified that all individuals had undergone compliance checks during the onboarding process and ongoing monitoring. Notable entities such as MoonPay, BlockFi, CMS Holdings, and Galois Capital were among the accounts that were deactivated.