Americans should be careful about using the cryptocurrency Tether because of its use by terrorists and drug cartels, according to a new multimillion-dollar campaign by a consumer group.
Consumers’ Research, an independent education organization for consumers, launched a multi-pronged media campaign on Tuesday warning that Americans might be opening themselves up to financial risk by using Tether. Tether is one of the world’s most commonly traded cryptocurrencies and is linked one-to-one to the U.S. dollar.
“We are shining a light on Tether for their suspicious business practices, including a decade-long refusal to perform an audit and the routine use of the product by terrorists and traffickers of drugs and humans,” Consumers’ Research Executive Director Will Hild said in a statement shared with The Daily Wire.
The campaign against Tether includes a seven-figure national…
