Tether Assists in Freezing $550 Million in Iran-Linked USDT

Tether announced on September 28 that it collaborated with U.S. authorities to freeze approximately $550 million in USDT throughout 2026. The funds were held in wallets identified by officials as being linked to Iran's central bank and various sanctions evasion networks. This disclosure follows a report released by Senator Richard Blumenthal and minority staff.