US Senate report: $34.6M in USDT flowed out of sanctioned Iran-linked wallets
- —Tether did not freeze 34 of the 39 wallets flagged by Israel in June 2023 until March 2024
- —More than $34.6 million in USDT left the sanctioned addresses in that period
- —84% of the 846 Iran-linked wallets analyzed used only or almost only USDT
- —Tether said it helped freeze about $550 million in Iran-related USDT in 2026
Why it matters: The report increases pressure on stablecoin issuers to continuously monitor high-risk transactions rather than rely on freezing wallets only after they are designated.
Source: CoinDesk Japan
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