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 inconsistent wallet freezes and failure to block illicit Iran-linked wallets promptly, enabling terrorist groups like Hamas to shift to USDT. Tether responded by highlighting its cooperation with U.S. authorities, claiming to have frozen nearly $550 million in Iran-linked funds. This issue underscores broader concerns about cryptocurrency's role in undermining sanctions and enabling illicit activities.
Tether (USDT) trades at Rp17.965 on Pluang as of Sep 28, 2026 23:33 WIB, showing a modest 0.28% increase over the past day. Despite the report's concerns about illicit use, USDT maintains a substantial market cap of Rp3.315,69 trillion and a high 24-hour trading volume of Rp1.512,93 trillion. Notably, Pluang users show a selling bias with 76% of order activity as Sell, while typical hold time is 89 days, indicating active trading and relatively short-term holding compared to other assets.
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 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 ...
