A Senate Democratic report alleges that Tether's USDT stablecoin is central to Iran's shadow banking network, linking it to sanctioned crypto addresses and groups like Hezbollah and Hamas. The report criticizes Tether for slow action on freezing illicit funds. Tether responded by highlighting nearly $550 million in Iran-linked USDT freezes in 2026 and cooperation with law enforcement. The report also notes USDC's minimal presence in Iran-related crypto activity, raising questions about stablecoin oversight. Tether's CEO denies USDT supports illicit actors, emphasizing their commitment to fighting illicit finance.
Tether's USDT stablecoin trades at Rp17.963 on Pluang, showing a modest 0.26% increase as of Sep 29, 2026 05:02 WIB. The stablecoin holds a market cap of Rp3.308,29 trillion with a 24-hour trading volume of Rp1.702,49 trillion. Pluang users currently favor buying USDT with 58% of order activity, and typical holding time is 89 days, indicating steady investor interest despite regulatory scrutiny.
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 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...
