Tether CEO Paolo Ardoino responded to a Senate Democrats report accusing the company of enabling significant financial activity in Iran. Ardoino highlighted that Tether freezes suspicious transactions well before official sanctions are imposed, claiming this has led to a 94% decline in Iran-linked stablecoin volumes since 2023. He criticized the Senate report for overlooking Tether's proactive measures and expressed confidence in the company's compliance efforts. The investigation, led by Senator Richard Blumenthal, also examines Tether's ties to U.S. financial partners and political figures, with potential for increased scrutiny if Democrats regain Senate majority.
Tether's USDT is trading at Rp17.986 on Pluang, showing a modest 0.48% increase in the last day. The stablecoin's market cap stands at Rp3.307,16 trillion with a 24-hour volume of Rp1.106,97 trillion as of Oct 20, 2026 03:32 WIB.
Stablecoins now total about $300.3 billion across 47 blockchains, with Ethereum holding roughly 54.1% of the supply and Tron 31.4%. In Q3 2026, Tron increased its stablecoin supply by $5 billion while Ethereum's supply dropped by $4.9 billion. Tron a...
Tether's CEO announced a 94% decline in stablecoin transaction volume linked to Iran, highlighting the company's enhanced compliance measures amid U.S. sanctions. This significant drop, if independently verified, would mark a major reduction in sanct...
Tether CEO Paolo Ardoino disputed a Senate report accusing the company of delays in freezing Iran-linked wallets, stating that since 2023, Tether has frozen flagged addresses on average four weeks before official U.S. and Israeli sanctions designatio...
Bitcoin attracted the largest cryptocurrency inflows at $31.44 million, followed by Ethereum and Zcash, which also saw significant outflows. Stablecoins like Tether and USD Coin received substantial funds, indicating a shift between volatile assets a...
On October 19, major cryptocurrencies USDC, ETH, and BTC experienced net outflows, with USDC seeing a net outflow of $58.44 million, ETH $55.28 million, and BTC $43.52 million. In contrast, PEPE led the net inflows at $5.67 million, alongside stablec...
