Tether’s Ardoino Fires Back at Senate Over Iran USDT Report

TLDR Tether CEO Paolo Ardoino says the company froze flagged addresses an average of four weeks before official sanctions since 2023. He claims Tether froze 99% of reported addresses before Chainalysis labeled them. Senate Democrats found that 84% of 846 Iran-linked wallets used USDT exclusively or nearly exclusively. Senator Richard Blumenthal asked Treasury and the Justice Department to investigate Tether. Ardoino says Iran-linked stablecoin volumes fell 94%, but the figures are unverified company claims. Tether CEO Paolo Ardoino has pushed back on a Senate report about Iran and the USDT stablecoin. In an Oct. 19 post on X, he said the report missed how early Tether acted. Ardoino said Tether has frozen flagged addresses an average of four weeks before official sanctions since 2023.

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