What are the reasons behind Tether World's decision to cut its commercial ties?

3 answers

• Nov 29, 2021 · 3 years ago
  Tether World made the decision to cut its commercial ties due to concerns about regulatory compliance. With increasing scrutiny on stablecoins and their potential impact on the financial system, Tether World wanted to ensure that it was operating within the boundaries of the law. By severing its commercial relationships, Tether World aims to demonstrate its commitment to transparency and regulatory compliance, which it believes will strengthen its position in the market.
  475238
• Nov 29, 2021 · 3 years ago
  The decision to cut commercial ties was driven by Tether World's desire to address concerns about its business practices. By severing these ties, Tether World hopes to improve its reputation and regain the trust of the cryptocurrency community. This decision also allows Tether World to reassess its partnerships and focus on building relationships with entities that align with its values and goals. Overall, the decision reflects Tether World's commitment to maintaining a strong and trustworthy presence in the cryptocurrency industry.
  538180
• Nov 29, 2021 · 3 years ago
  As a third-party observer, it is important to note that Tether World's decision to cut its commercial ties is a strategic move that aims to strengthen its position in the market. By severing these ties, Tether World can reassess its partnerships and focus on building relationships with entities that align with its values and goals. This decision also allows Tether World to address any concerns about its business practices and demonstrate its commitment to transparency and regulatory compliance. Overall, this move reflects Tether World's dedication to maintaining a strong and trustworthy presence in the cryptocurrency industry.
  634159