Regulation· ★★★★· bearish·

US Senate probe finds Iran makes heavy use of Tether's USDT

  • —84% of 800+ sanctioned wallets relied on USDT
  • —USDT described as a key Iranian payment channel
  • —Probe conducted by Senate Democrats
Why it matters: Mounting US scrutiny of Tether could tighten regulation of the largest stablecoin.
Source: PANews