Tether Says It Helped Freeze $550M in Iran-Linked USDT as Senate Scrutiny Intensifies

Tether says it supported the freezing of nearly $550 million in Iran-linked USDT during 2026. That total included more than $344 million across two addresses in April and more than $130 million across four TRON wallets in July, according to the company. The number arrived alongside a sharper political challenge for the stablecoin issuer. Democratic staff on the Senate Permanent Subcommittee on Investigations reviewed 846 Iran- and proxy-linked wallets and found that 84% transacted exclusively or almost exclusively in USDT, according to Reuters .

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