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 sanctioned-jurisdiction activity for Tether's USDT stablecoin. However, the claim lacks detailed methodology, baseline data, and independent audit, making its full impact uncertain. The market awaits further transparency and third-party verification to assess the compliance effectiveness and implications for institutional adoption.
Tether's USDT stablecoin holds a market cap of Rp3.307,16 trillion on Pluang as of Oct 20, 2026 03:03 WIB, with a 24-hour trading volume of Rp1.106,97 trillion. The stablecoin's price is Rp17.988, showing a modest 0.49% increase over the past day. Despite the CEO's claim of a 94% drop in Iran-related volume, USDT remains actively traded with a typical hold time of 91 days on the platform.
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 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...
On October 19, major cryptocurrencies USDC, ETH, and BTC experienced net outflows, with USDC seeing a net outflow of $58.44 million, ETH $55.28 million, and BTC $43.52 million. In contrast, PEPE led the net inflows at $5.67 million, alongside stablec...
A Bank for International Settlements working paper finds that stablecoin market growth in the U.S. slowed when banks increased the interest rates they pay on deposits. The study, covering data from 2019 to mid-2025, shows that a rise in bank deposit ...
