US Eyes $1B Seizure of Iran-Linked Crypto This Week
• Treasury Secretary Bessent said the US will probably seize about $1B of crypto this week
• Earlier: ~$1B claimed in May, ~$130M frozen in July (including USDT blacklisted by Tether), seven Iranian exchanges sanctioned
• Unclear whether the new $1B overlaps with past totals
The signal is clear: stablecoin issuers act fast on sanctions, a real counterparty risk for USDT holders. Not financial advice, DYOR.
$USDT
• Treasury Secretary Bessent said the US will probably seize about $1B of crypto this week
• Earlier: ~$1B claimed in May, ~$130M frozen in July (including USDT blacklisted by Tether), seven Iranian exchanges sanctioned
• Unclear whether the new $1B overlaps with past totals
The signal is clear: stablecoin issuers act fast on sanctions, a real counterparty risk for USDT holders. Not financial advice, DYOR.
$USDT