Tether CEO Claims Wallet Freezes Cut Iran-Linked Stablecoin Volumes by 94% Since 2023

Tether CEO Paolo Ardoino pushed back against a U.S. Senate report on October 19, claiming the company’s proactive wallet freeze program has driven a 94% drop in Iran-linked stablecoin transaction volumes since 2023. Ad Ad What the 94% Drop Means for USDT Holders Third-party data backs Ardoino’s directional claim. According to TRM Labs, USDT’s share