U.S. Senate Democrats on the Homeland Security and Governmental Affairs Committee accused Tether's USDT stablecoin of facilitating Iran's evasion of international sanctions. They highlighted that Iran's shadow banking network processed about $20 billion in transactions last year, though the exact USDT involvement was unspecified. The lawmakers criticized Tether for delays in freezing Iran-linked wallets, with some taking weeks and others not blocked proactively. Tether responded that it has helped freeze nearly $550 million in USDT tied to Iran and cooperates with law enforcement to block illicit funds. This issue intensifies scrutiny on stablecoin regulation and sanctions compliance in the U.S.
As of Sep 28, 2026 23:42 WIB, USDT (Tether) trades at Rp17.966 on Pluang with a market cap of Rp3.315,69 trillion and a 1-day change of +0.28%. Despite the Senate Democrats' accusations regarding Tether's role in Iran's shadow banking, USDT remains actively traded with a 24-hour volume of Rp1.512,93 trillion. Pluang users show a higher inclination to sell USDT, with 76% of order activity on the sell side and a typical hold time of 89 days.
A Senate subcommittee report alleges that Tether's USDT stablecoin is a key financial tool in Iran's sanctions evasion network, with Iran conducting about $2 billion in transactions in 2025. The report claims Tether delayed freezing Iran-linked walle...
A Senate Democratic report alleges that the USDT stablecoin Tether is extensively used by the Iranian government to bypass international sanctions, facilitating an estimated $2 billion in transactions last year. The report criticizes Tether for incon...
A Senate investigation revealed that 84% of Iran-linked sanctioned crypto wallets use Tether's USDT stablecoin, highlighting its role in bypassing U.S. sanctions. Tether reported freezing about $550 million in Iran-linked USDT wallets this year, supp...
A Senate subcommittee report revealed that Iran used Tether's USDT stablecoin to move value around U.S. sanctions, with 84% of 846 sanctioned wallets linked to Iran having used USDT. The report criticized Tether for delays in freezing some wallets. T...
Tether has invested in Abu Dhabi fintech Shiga Digital to expand self-custodial digital asset services in Africa and the Gulf Cooperation Council (GCC). Using Tether's Wallet Development Kit, Shiga will offer USDT-powered payments and treasury tools ...
