The market capitalization of Tether tokens (USDT) has increased by nearly $2 billion since the U.S. Treasury Department imposed sanctions on cryptocurrency mixer Tornado Cash.
The Office of Foreign Assets Control essentially banned Americans from using Tornado Cash on Aug. 8, blacklisting 44 USD Coin (USDC) and Ether (ETH) addresses connected to the service to a list of Specially Designated Nationals and Blocked Persons (SDN).
Details:https://www.investing.com/news/cryptocurrency-news/usdt-market-cap-up-by-2-billion-following-tornado-cash-debacle-2873928