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Tether freezes $72M USDT on Tron after wallet linked to Monero surge is blacklisted

Market News
12 Jun 2026
Crypto news
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Tether froze over $72 million USDT on the Tron network after an on-chain investigator linked a large wallet to significant Monero (XMR) buying and a sharp price spike from $330 to $420. The wallet moved $120 million USDT across multiple exchanges and bridges, drawing attention to Monero's liquidity and market depth. This freeze highlights the control Tether has over its stablecoin, contrasting with decentralized assets like Bitcoin and Monero. Traders are now watching if Monero can sustain prices above $350 amid this liquidity-driven volatility.

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