Tether Says It Helped Freeze Nearly $550 Million in Iran-Linked USDT as Senate Report Cites Shadow Banking Role
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· body · New information from a source
Tether disclosed it assisted in freezing nearly $550 million in USDT connected to Iran, according to The Defiant.The disclosure coincided with a Senate Democratic report that identified USDT as dominant in 84% of 846 Iran- and proxy-linked wallets examined, according to Cointelegraph.- Tether said it helped freeze nearly $550 million in USDT tied to Iran this year, according to The Defiant and Cointelegraph.
- The disclosure came the same day Senate Democratic investigators released a minority report alleging that USDT has become central to Iran's shadow banking system, according to The Block and Cointelegraph.
- The Senate report examined 846 wallets linked to Iran and its proxies and found USDT activity present in 84% of them, according to The Defiant.
- Cointelegraph reported that the Senate investigators' allegations of USDT's role in Iranian shadow banking accompanied Tether's freeze disclosure, though the two announcements addressed different aspects of the stablecoin's use in Iran-linked transactions.
· summary · New information from a source
Tether says it helped freeze nearly $550 million in Iran-linked USDT this year, as a Senate report found the stablecoin dominated activity in most Iran-proxy wallets studied.- Tether disclosed freezing nearly $550 million in Iran-linked USDT this year as a Senate minority report said the stablecoin dominates Iran's shadow banking network.
· headline · New information from a source
Tether froze nearly $550 million in Iran-linked USDT as Senate report flags stablecoin dominance in sanctions evasion- Tether Says It Helped Freeze Nearly $550 Million in Iran-Linked USDT as Senate Report Cites Shadow Banking Role
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
Tether said it helped freeze nearly Tether Says It Helped Freeze Nearly $550 Million in Iran-Linked USDT.
in USDT tied to Iran this year, according to The Defiant and Cointelegraph.
The disclosure came the same day Senate Democratic investigators released a minority report alleging that USDT has become central to Iran’s shadow banking system, according to The Block and Cointelegraph.
The Senate report examined 846 wallets linked to Iran and its proxies and found USDT activity present in A Senate minority report released the same day found USDT dominated activity in 84% of 846 Iran- and proxy-linked wallets it studied.
of them, according to The Defiant.
Cointelegraph reported that the Senate investigators' allegations of USDT’s role in Iranian shadow banking accompanied Tether’s freeze disclosure, though the two announcements addressed different aspects of the stablecoin's use in Iran-linked transactions.
Sources: The Defiant, The Block, Cointelegraph
This article is for information only and is not financial advice.
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Story so far 2 updates
- digestTether froze nearly $550 million in Iran-linked USDT as Senate report flags stablecoin dominance in sanctions evasionfirst reported · 2 sourcesthedefiant.io · cointelegraph.com
- storyTether Says It Helped Freeze Nearly $550 Million in Iran-Linked USDT as Senate Report Cites Shadow Banking Roleupdate · 3 sourcesthedefiant.io · theblock.co · cointelegraph.com
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