CoinScoopTether Discloses $550M in Frozen Iran-Linked USDT Amid Senate Investigation
Tether announced it has frozen approximately $550 million in USDT linked to Iran this year, including funds associated with the Central Bank of Iran. A concurrent U.S. Senate report identified USDT as a primary tool for Iranian sanctions evasion, noting that 84% of 846 investigated crypto wallets linked to Iran relied exclusively on the stablecoin.
Summaries are written by AI from the original article. Not investment advice.