Senator Richard Blumenthal released a report linking Tether's USDT stablecoin to wallets tied to Iran-sanctioned entities, highlighting that 84% of flagged wallets used USDT. The report also questions Cantor Fitzgerald's dual role as both a Tether shareholder and manager of its $100 billion reserves, raising concerns about potential conflicts of interest. Blumenthal has requested investigations into Tether's compliance with sanctions and anti-money laundering practices. Tether claims cooperation with authorities, having frozen $550 million in Iran-linked USDT, but critics note this falls short of the $603 million moved by two sanctioned smugglers. The outcome could impact USDT's market liquidity and regulatory scrutiny on stablecoins overall.
The report on Tether and Cantor Fitzgerald comes with Pluang's market context for major cryptocurrencies as of Oct 09, 2026 03:42 WIB. Among 50 priced major cryptocurrencies, only 7 rose while 42 fell today. Notable movers include UNI at Rp130.982 with a 1-day change of -6.17%, SOL at Rp1.961.744 down 5.73%, and LINK at Rp226.218 down 5.60%, with LINK showing 84% buy order activity on Pluang.
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