OFAC sanctions Xinbi Guarantee and freezes $52.8 million in USDT
- —OFAC sanctioned Xinbi Guarantee — the second-largest illicit marketplace
- —Fifty-two wallets holding $52.8 million in USDT were frozen
- —The sanctions tighten oversight of stablecoin transactions
Why it matters: Growing sanctions pressure on USDT wallets raises compliance risks for exchanges and stablecoin holders.
Source: Coinfomania