Foreign media: Money laundering organizations related to Mexican drug trafficking groups are using USDT to transfer funds across borders

Odaily Planet Daily News: According to Court Watch, money laundering organizations related to the importation of cocaine from Mexico and Colombia by the United States are using USDT. The report points out that drug traffickers have turned to cryptocurrencies, especially USDT, "as a way of rapidly transferring funds across borders in recent years. The court records of multiple cases indicate that criminal organizations, including the Sinaloa drug trafficking group in Mexico, use such assets for large-scale drug trafficking. Previously, there were reports that a Canadian Olympic snowboarder and his gang were suspected of using USDT to smuggle cocaine, and the gang is also suspected of committing multiple murder cases. The law enforcement department stated that cocaine was transported from Colombia to the United States and Canada via Mexico. Due to the widespread awareness among Mexican citizens that USDT comes from drug profits, the situation is very severe as USDT is sold at discounted prices in Mexico. A source said, "The current trend is to purchase USDT from Mexican groups at prices below market prices, and then sell USDT on Casa de Cambios (currency exchange), virtual currency exchange, over-the-counter (OTC), or peer-to-peer (P2P) trading in Colombia