USDT moves into focus in report on Iran-linked financial networks
🧭 A report by Democratic minority staff on the U.S. Senate PSI found that 84% of a sample of 846 wallets sanctioned or targeted by U.S. or Israeli authorities for links to Iran and related groups used USDT exclusively or almost exclusively.
💵 The report argues that high liquidity, low transaction costs and 24/7 transfers outside the SWIFT system have made USDT an important dollar rail for these networks.
🛡️ Tether responded that it has supported freezes of roughly $550 million in Iran-linked USDT during 2026, while stressing that public blockchains allow authorities to trace fund flows more effectively.
📌 The two sides are measuring different things. The report focuses on USDT usage among designated wallets, while Tether highlights assets already frozen. The main implication is increased AML and stablecoin oversight pressure, rather than a direct signal of USDT depeg risk.
#Stablecoin $USDC
🧭 A report by Democratic minority staff on the U.S. Senate PSI found that 84% of a sample of 846 wallets sanctioned or targeted by U.S. or Israeli authorities for links to Iran and related groups used USDT exclusively or almost exclusively.
💵 The report argues that high liquidity, low transaction costs and 24/7 transfers outside the SWIFT system have made USDT an important dollar rail for these networks.
🛡️ Tether responded that it has supported freezes of roughly $550 million in Iran-linked USDT during 2026, while stressing that public blockchains allow authorities to trace fund flows more effectively.
📌 The two sides are measuring different things. The report focuses on USDT usage among designated wallets, while Tether highlights assets already frozen. The main implication is increased AML and stablecoin oversight pressure, rather than a direct signal of USDT depeg risk.
#Stablecoin $USDC
