Regulation· ★★★★· bearish·

US Senate Probe Finds 84% of Sanctioned Iran Wallets Used USDT; Tether Says It Froze $550M

  • —84% of 800+ sanctioned Iranian wallets used USDT as their main asset
  • —Iran's Central Bank accumulated at least $507M in USDT to operate under sanctions
  • —Tether froze $550M in USDT tied to Iran and sanctioned networks this year
  • —Tether also froze $344M across two addresses in April and $130M in July
Why it matters: Pressure on Tether and Binance is mounting, and new restrictions could affect USDT liquidity and exchange access for sanctioned jurisdictions.
Source: CoinGape