The post China Busts $1.9 Billion Underground Bank Operation Using USDT appeared first on Coinpedia Fintech News An underground bank operation in China was busted for using USDT for foreign currency exchanges involving transactions worth $1.9 billion. The underground operations began on January 21, primarily to smuggle medicine, cosmetics, and investment assets overseas. Authorities destroyed the underground operations in Fujian and Hunan, and the police froze $20 million linked to the operations. …