Iran Pays in USDT: 84% of Sanctioned Wallets Went Through Tether

A U.S. Senate Permanent Subcommittee on Investigations review found that of more than 800 crypto wallets sanctioned over ties to Tehran, 84% operated almost exclusively in USDT, Tether's stablecoin. Tether says it has helped freeze about $550 million in USDT linked to Iran's central bank and sanctioned networks since the start of the year, in two waves, and works with over 340 agencies in 67 countries. The 2025 GENIUS Act requires U.S.-operating issuers to be able to block tokens at authorities' request.