
US Senate scrutinizes Tether over Iran-linked USDT wallets
- —84% of 846 sanctioned Iran-linked wallets used USDT, investigators found
- —Tether says it supported nearly $550 million in Iran-linked freezes in 2026
- —Two Iran-linked wallets held $344.2 million in USDT when OFAC designated them in April
- —Senator Blumenthal asks Treasury and DOJ to probe Tether's compliance
Why it matters: Pressure on the largest stablecoin could heighten regulatory risk for USDT and the broader market.
Source: crypto.news