Tether CEO responds to Iran-related sanctions concerns: Relevant freezes were implemented 4 weeks ahead of official sanctions, while Iran-linked stablecoin trading volume has fallen by 94%.
1 days ago
Tether CEO Paolo Ardoino has published a response to US Senator Blumenthal’s analysis of the stablecoin issuer’s sanctions compliance, stating that since 2023, Tether has frozen relevant addresses an average of four weeks ahead of official sanctions from OFAC and NBCTF. In 99% of related cases, these freezes also predate Chainalysis’ labeling of the addresses in question. Ardoino added that Tether’s actions have reduced Iran-related stablecoin trading volume by 94%, and its cooperation with law enforcement enables it to respond rapidly to emerging threats. The response follows Blumenthal’s release of a Democratic staff report from the Senate Permanent Subcommittee on Investigations on September 28. The report claimed that among 846 wallets analyzed that were sanctioned or designated as seizure targets for ties to Iran and its regional proxy groups, 84% used only or nearly only USDT for transactions. It accused Tether of failing to adequately freeze illegal wallets, prompting Blumenthal to call on the US Treasury Department and Department of Justice to investigate the firm’s anti-money laundering and sanctions compliance practices. In a separate statement issued the same day, Tether noted that since the start of 2026 alone, it has helped freeze approximately $550 million in Iran-related USDT, with the relevant wallets identified by US authorities as linked to the Central Bank of Iran and sanctions evasion networks.
Yesterday, U.S. Bitcoin spot ETFs recorded a net inflow of $23.2 million, while U.S. Ethereum spot ETFs saw a net outflow of $26.1 million.
7 minutes ago
Qi Junyuan, former head of Doubao's PC version, founded Today AI, which has raised over $200 million in total financing with investors including Tencent, Ant Group, and Sequoia, and has begun training its own AI model.
7 minutes ago
NEAR Intents recorded a trading volume of approximately $10.4 billion in the third quarter, while Confidential Intents' Total Value Locked (TVL) reached $160 million.
7 minutes ago
5 Wallets Open 5x Longs on 16,287 $SPCX for $2.63M, Up $223K Unrealized Profit
7 minutes ago
5 USD1-Funded Wallets Open $2.63M in 5x $SPCX Longs on @Aster_DEX, Up $223K
7 minutes ago
Binance will add 5 bStocks tokenized securities as margin collateral assets at 20:00 today.
7 minutes ago
Hot feeds
A trader profits $448K by monitoring #Binance's new listings!
2024.12.13 17:37:29
Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.
2024.12.16 14:48:36
A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.
2024.12.14 10:35:27
When Elon Musk tweeted about Moltbook, the meme coin MOLT experienced a short-term 30% price surge, hitting a new all-time high of $114 million.
2026.01.31 18:37:29
A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.
2025.01.05 16:05:18
A sniper earned 2,277 $ETH ($8.3M) trading $SHIRO within 18 hours!
2024.12.03 23:09:08
MoreHot Articles

How did I turn $1,000 into $30,000 with smart money?
2024.12.09

10 promising AI Agent cryptos
2024.12.05

The 30-Year-Old Entrepreneur Behind Virtual, a Multi-Million Dollar AI Agent Society
2025.01.22

10 smart traders specializing in MEMEcoin trading on Solana
2024.12.09

A trader lost $73.9K trading memecoins in just 3 minutes — a lesson for us all!
2024.12.13

What is $SPORE? Let us take you through the on-chain records to show you how it works.
2024.12.25

