Senate Report Places Tether’s USDT at Center of Iran’s Shadow Banking Network
Democratic staff on the Senate Permanent Subcommittee on Investigations said 84% of 846 Iran-linked sanctioned wallets transacted almost entirely in USDT.
Sen. Richard Blumenthal asked Treasury Secretary Scott Bessent and Attorney General Todd Blanche to investigate Tether’s sanctions and AML controls.
Tether said actions involving USDT froze about $550 million in Iran-linked assets in 2026, including more than $344 million in April.
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