Senate Investigation Finds Rampant Use of Tether’s Stablecoin by Iranian Regime
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5 Articles
Tether helped freeze $550M in Iran-linked USDT this year
the breakdown Market briefing: Tether says it helped freeze roughly 550 million dollars in Iran-linked USDT this year, working with US authorities. BTC traded near 83,687 dollars, down 1.4 percent on the day, and the peg held at a dollar. Tether helped freeze about $550M in USDT tied to Iran's central bank and sanctions networks in 2026 Its blacklist reached roughly 9,597 addresses holding $5.69B by July 2026, and USDT held its $1 peg A Senate…
An investigation by a U.S. Senate subcommission claims that the Central Bank of Iran accumulated at least $507 million in USDT and tracks oil-related transfers, sanctioned entities, and networks linked to the Revolutionary Guard. The case also focuses on Tether-supported freezes and a $61.2 million confiscation lawsuit.
Iran is making extensive use of the USDT stablecoin issued by Tether to evade US sanctions. Banker.az writes with reference to The Wall Street Journal that this result is contained in a report prepared by Democrats in the US Senate Standing Subcommittee on Investigations. According to the report, USDT dominated the transactions of cryptocurrency wallets, which have been sanctioned for its relationship with Iran. The investigation found that the …
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