Tether executives are facing a criminal probe over whether they committed bank fraud

Tether operates the largest stablecoin in circulation, but it’s not without controversy.

The cryptocurrency has been in the crosshairs of regulators for a couple of years now with no clear indication as to whether Tether really has the dollar reserves it claims to have.

Now, federal prosecutors in the US are looking into whether Tether concealed its crypto transactions from banks in order to seem innocent.