JP Koning – What Tether Means When It Says It’s ‘Regulated’

In his response, Pepin maintains that Tether is regulated. And he suggests that it is Tether’s registration with FinCEN that imbues Tether with regulated status, putting it on par with its stablecoin competitors such as USD Coin, which are also registered with FinCEN. FinCEN, by the way, is the Financial Crimes Enforcement Network, a bureau of the US Department of the Treasury that defines rules for combating money laundering.