Tether CEO Paolo Ardoino stated that the company has frozen wallet addresses linked to Iran, reducing stablecoin transaction volume by 94%. This challenges Senate minority staff allegations that Tether failed to freeze illicit wallets associated with Iran. Ardoino highlighted that Tether often froze wallets weeks before official U.S. and Israeli sanctions and before Chainalysis labeled the addresses. The Senate review had found 84% of 846 Iran-linked wallets transacted primarily in Tether's USDT, prompting calls for investigation by U.S. Treasury and Justice departments.
Tether's USDT is trading at Rp18.014 on Pluang as of Oct 20, 2026 09:02 WIB, showing a slight 1-day increase of 0.07%. Despite the significant reduction in Iran-linked stablecoin volume reported, USDT maintains a strong market presence with a market cap of Rp3.300,92 trillion and a 24-hour trading volume of Rp1.014,8 trillion. The typical hold time on Pluang is 91 days, with a majority of order activity leaning towards selling at 62%.
Tether CEO Paolo Ardoino responded to a Senate Democrats report accusing the company of enabling significant financial activity in Iran. Ardoino highlighted that Tether freezes suspicious transactions well before official sanctions are imposed, claim...
Stablecoins now total about $300.3 billion across 47 blockchains, with Ethereum holding roughly 54.1% of the supply and Tron 31.4%. In Q3 2026, Tron increased its stablecoin supply by $5 billion while Ethereum's supply dropped by $4.9 billion. Tron a...
Tether's CEO announced a 94% decline in stablecoin transaction volume linked to Iran, highlighting the company's enhanced compliance measures amid U.S. sanctions. This significant drop, if independently verified, would mark a major reduction in sanct...
Tether CEO Paolo Ardoino disputed a Senate report accusing the company of delays in freezing Iran-linked wallets, stating that since 2023, Tether has frozen flagged addresses on average four weeks before official U.S. and Israeli sanctions designatio...
Bitcoin attracted the largest cryptocurrency inflows at $31.44 million, followed by Ethereum and Zcash, which also saw significant outflows. Stablecoins like Tether and USD Coin received substantial funds, indicating a shift between volatile assets a...
