84% of 846 sanctioned or targeted wallets linked to Iran and its proxies used one stablecoin almost exclusively.
That figure comes from a Senate subcommittee Democratic staff report, cited by Decrypt, and the coin was $USDT. Tether, for its part, points to roughly $550M in Iran-linked freezes this year.
My view: both facts can be true at once. Tether's reach makes it the default dollar for people outside the banking system, good and bad actors alike, and its freeze powers are the counterweight. The question for regulators is whether freezing after the fact is enough.
💬 Should stablecoin issuers act more like banks or more like neutral software?
#Tether #Compliance
That figure comes from a Senate subcommittee Democratic staff report, cited by Decrypt, and the coin was $USDT. Tether, for its part, points to roughly $550M in Iran-linked freezes this year.
My view: both facts can be true at once. Tether's reach makes it the default dollar for people outside the banking system, good and bad actors alike, and its freeze powers are the counterweight. The question for regulators is whether freezing after the fact is enough.
💬 Should stablecoin issuers act more like banks or more like neutral software?
#Tether #Compliance