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, supporting U.S. sanctions enforcement. The Senate's figures reflect wallet usage post-sanctions, while Tether's reflect funds frozen after authorities' requests. This scrutiny underscores the growing importance of stablecoins in international sanctions and financial monitoring.
The Senate's focus on Tether's USDT highlights the stablecoin's significant role in global finance and sanctions enforcement. On Pluang, USDT trades at Rp17.967 with a market cap of Rp3.313,7 trillion as of Sep 28, 2026 22:06 WIB. Trading activity shows 76% of orders are sell orders, with a typical hold time of 89 days, reflecting active engagement among investors.
In the latest 24-hour crypto fund flow data, Bitcoin (BTC) experienced a net outflow of $43.60 million, with $1.87 billion inflows and $1.92 billion outflows. Ethereum (ETH) led net inflows, attracting $77.08 million with $1.02 billion inflows agains...
Senator Richard Blumenthal has requested detailed records from Tether and Nxum, a consulting firm co-founded by former White House crypto official Bo Hines, regarding millions of dollars paid by Tether to Nxum while Hines worked on stablecoin policy....
Senator Richard Blumenthal is investigating payments made by Tether to Nxum, a consulting firm co-founded by Bo Hines, a former White House crypto adviser now leading Tether's U.S. operations. The probe focuses on potential ethical and legal issues s...
Bitcoin experienced the largest outflow among cryptocurrencies with $403.44 million leaving, while tokens such as SOXLB and Ethereum saw notable inflows of $7.23 million and $5.17 million respectively. Funds also flowed into the crypto market from va...
In the past 24 hours, Bitcoin (BTC) and XRP experienced significant net outflows, with BTC seeing the largest withdrawal of $302.61 million. Meanwhile, stablecoins USDC and USDT posted net inflows, led by USDC's $183.59 million inflow. Ethereum (ETH)...
