Stablecoin issuer Tether said it helped authorities freeze nearly $550 million in Iran-linked USDT during 2026. The company froze over $130 million across four wallets this year, plus over $344 million linked to the Central Bank of Iran in April. A Senate subcommittee investigation found that 84% of 846 crypto wallets sanctioned for ties to Iran had transacted exclusively or nearly exclusively in USDT, prompting Senator Richard Blumenthal to call on the Treasury and Justice departments to investigate. Tether said its cooperation with authorities globally had resulted in more than $4.9 billion in assets being frozen, including more than $2.4 billion connected to US authorities.
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