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 wallets despite requests, though Tether says it froze nearly $550 million in USDT tied to Iran in 2026. The report also notes terrorist groups like Hamas have shifted to using USDT. This scrutiny could impact regulatory approaches to stablecoins and crypto compliance in the U.S.
The Senate subcommittee's focus on Tether USDT highlights ongoing concerns about stablecoins in global finance. On Pluang as of Sep 28, 2026 23:33 WIB, USDT trades at Rp17.965 with a slight 1-day gain of 0.28%. The stablecoin holds a market cap of Rp3.315,69 trillion and sees a 24-hour trading volume of Rp1.512,93 trillion, with most Pluang users currently selling (76%) and holding their USDT for an average of 89 days.
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 bill...
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 ...
