Tether Defends as US Senate Probe Finds USDT Used in 84% of Sanctioned Iran’s Wallets

Stablecoin issuer Tether on Monday pushed back against a U.S. Senate Democrats’ investigation that found Iranian crypto wallets used USDT stablecoin to evade sanctions. The company claimed it has already frozen nearly $550 million in Iran-linked USDT this year at the request of U.S. authorities. Ad Ad US Senate Democrats Probe Finds Heavy Iranian Use