⚡️🇺🇸🇮🇷 — A report led by Senate Democrats said Tether’s USDT stablecoin has become a «significant financial lifeline» for Iran and a tool for funding proxy organizations, including Hezbollah. The report analyzed 846 crypto wallets sanctioned by Israel and the US in connection with Iran and found that 84% had transacted in USDT, including activity linked to moving Iranian funds across borders and supporting the country’s currency amid US sanctions, including through the Central Bank of Iran. — Reuters

Senator Richard Blumenthal said the findings showed Tether and USDT had become central to Iran’s «shadow banking system» and called for Treasury and Justice Department investigations into the company.

➡️ Tether said it was committed to cooperating with the US government and supported the freezing of nearly $550 million in Iran-linked USDT in 2026; CEO Paolo Ardoino said USD₮ is «not a haven for sanctioned actors, terrorist organizations or criminal networks».

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