US Treasury Secretary Scott Bessent said authorities were tracking Iranian digital assets and freezing some of them as part of Operation Economic Outcast, launched on August 24, 2026. Authorities are preparing to seize around $1 billion in assets linked to Iran’s Islamic Revolutionary Guard Corps, while several exchanges and stablecoin issuers have been designated or asked to cooperate. Tether froze approximately $550 million in USDT linked to Iran in 2026, including $344 million in April and more than $130 million in July. The combination of public blockchain ledgers and centralized issuers’ ability to freeze addresses is strengthening Washington’s ability to enforce sanctions against cryptocurrencies.
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