Tether CEO Rejects Senate Claims Over Iran-Linked USDT
- —Ardoino says freezes precede OFAC and NBCTF sanctions by about four weeks on average
- —Tether credits its actions with a 94% drop in Iran-linked stablecoin volumes
- —Report: 84% of 846 sanctioned wallets transacted almost exclusively in USDT
- —Report says $34.6 million in USDT left wallets after a seizure notice
Why it matters: The dispute over how fast Tether freezes USDT raises regulatory pressure on the largest stablecoin issuer.
Source: CryptoPotato