Cointelegraph reports that Tether has disclosed it assisted in freezing 550 million USDT linked to Iran this year. The disclosure comes against the backdrop of US Senate Democratic investigators alleging that USDT has become a key part of Iran’s shadow banking infrastructure.
A new US Senate investigation finds that Tether’s USDT has become central to Iran’s shadow banking network, used by sanctioned entities for cross-border payments and liquidity. The report details how USDT circulates through offshore exchanges, OTC desks and local intermediaries, and signals that stablecoin issuers may soon face tighter compliance obligations and enforcement actions.
Stablecoin giant Tether announces completion of its first full audit by KPMG, providing transparency verification for its $180 billion USDT reserves. This marks a significant milestone in stablecoin regulatory compliance.
South Korean police arrested 23 individuals suspected of laundering $11.1 million through USDT between February 2024 and April 2025.