USDT
+0.0%Tether CEO says freezes cut Iran-linked stablecoin volume by 94%
Image: Crypto BriefingTether CEO Paolo Ardoino said Tether's address freezes cut Iran-linked stablecoin transaction volumes by 94% since 2023. A Senate report found 84% of sanctioned or targeted Iran-linked wallets used USDT. Tether said it blocked about $550 million in Iran-linked USDT in 2026. Ardoino said Tether froze relevant addresses before formal U.S. and Israeli sanctions designations. Senate investigators said some freezes were delayed and Tether's efforts were inconsistent.
Key points
- A Senate report found 84% of sanctioned or targeted Iran-linked wallets used USDT.
- Ardoino said Tether froze relevant addresses before formal U.S. and Israeli sanctions designations.
Why it matters
The dispute affects how stablecoin issuers are judged on sanctions compliance. Tether's USDT was the most-used token among the Iran-linked wallets in the Senate report.
What's unclear
Tether says it froze relevant addresses early, while Senate investigators say some freezes were delayed.
Price context · USDT
At publication
$0.9992
Now
$0.9991
Change since
−0.02%
7 days
Sources · 4 publishers
Blockonomi
Tier 3
Tether CEO Challenges Senate Report With 94% Iran-Linked USDT Decline
The Daily Hodl
Tier 2
Tether CEO Says Addresses Frozen Weeks Ahead of Sanctions, Driving 94% Drop in Iran-Linked Volumes
AMBCrypto
Tier 2
Tether CEO disputes Senate report, claims 94% drop in Iran-linked stablecoin activity
Coverage timeline
- First reported by Crypto Briefing
- Also reported by Blockonomi
- CryptoVideos brief published
- 2 more publishers added to sources
- Brief updated
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
