Tether: Cooperating with U.S. Sanctions Enforcement, Freezing Nearly $550 Million in Iran-Related USDT This Year

Odaily News — Stablecoin issuer Tether has announced that, in cooperation with the U.S. Department of the Treasury's enforcement actions targeting Iranian sanctions evasion networks, it has assisted in freezing approximately $550 million in USDT assets linked to Iran's central bank and sanctioned networks during 2026. This includes over $344 million frozen in April based on information from the U.S. Office of Foreign Assets Control (OFAC) and law enforcement agencies, as well as over $130 million frozen in July.

To date, Tether has established partnerships with more than 340 law enforcement agencies across 67 countries and regions worldwide, supporting over 2,800 investigations and freezing a cumulative total of more than $4.9 billion in illicit assets (of which over $2.4 billion is related to U.S. law enforcement actions). The company has also directly aligned its wallet freezing mechanism with the U.S. Specially Designated Nationals (SDN) List.