Tether Addresses Power Outage and Financial Obligations in Uruguay

Tether has clarified a recent power outage in Uruguay that impacted its operations, aiming to reassure users and investors about its service reliability. However, the company is also facing a significant challenge, owing nearly $5 million in energy bills to the country, raising concerns about the sustainability of its operations in regions with high energy costs. This dual situation poses risks to Tether's reputation and financial stability in the cryptocurrency market.