The U.S. Senate Permanent Subcommittee on Investigations has found that the Iranian regime widely used Tether’s USDT stablecoin to evade international sanctions. Iran’s Central Bank reportedly accumulated at least $507 million in USDT to keep its economy functioning under heavy financial restrictions. The Department of Justice filed a civil forfeiture complaint seeking approximately $61.2 million in USDT linked to Iranian black-market oil sales. Tether froze over $475 million in USDT tied to wallets connected to Iran’s Central Bank, including $344 million in April 2026 and an additional $131 million in July 2026. This investigation falls under “Operation Economic Fury,” under which nearly $1 billion in Iran-linked digital assets have been sanctioned or frozen since April 2026.
Source: Read the original article
