Tether says it helped freeze $550M in Iran-linked USDT in 2026
CIE News ·
Tether announced on September 29, 2026, that it assisted in freezing $550 million in Iran-linked Tether (USDT) this year following scrutiny and federal probe requests from U.S. Senate Democratic investigators.
Tether announced on September 29, 2026, that it helped freeze nearly $550 million worth of Tether (USDT) connected to Iran throughout the year, Cointelegraph reported. The disclosure came as U.S. Senate Democratic investigators called for a federal investigation into the firm's sanctions compliance, alleging that the stablecoin operated as a key component of Iran's shadow banking system. Tether confirmed its participation in tracking and locking the targeted funds as part of its ongoing compliance and security measures.