Tether CEO Paolo Ardoino defended the company's record of freezing flagged wallets, stating they often act weeks before U.S. sanctions or seizure orders. However, Senate investigators highlighted a delay in freezing 34 wallet addresses linked to Hezbollah financing, allowing over $34.6 million in USDT to move after public seizure notices. The investigation covers 846 wallets tied to Iran and allies, with most transactions in USDT. Senator Richard Blumenthal has called for Treasury and Justice to review Tether's sanctions compliance and consider enforcement actions.
As of Oct 20, 2026 13:21 WIB, USDT on Pluang trades at Rp18.015 with a slight 1-day gain of 0.15%. The stablecoin maintains a large market cap of Rp3.294,3 trillion and a high 24-hour trading volume of Rp994,1 trillion, indicating strong liquidity despite the scrutiny detailed in the Senate investigation. Pluang users show a typical hold time of 91 days, with a current order split favoring selling at 62%.
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...
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...
