BSCN(@BSCNews):Tether Faces New Iran USDT Scrutiny Sen. Richard Blumenthal has released a Senate report examining Tether’s role in Iran’s shadow banking network. The investigation reviewed blockchain activity across 846 wallets sanctioned or targeted over Iranian connections. Investigators found 84% of those wallets transacted exclusively or almost exclusively in USDT. Blumenthal urged Treasury and Justice officials to investigate potential sanctions and banking law violations. Tether disputes the characterization, saying it has helped freeze nearly $550 million linked to Iran.

2026.09.29 04:38

Tether Faces New Iran USDT Scrutiny Sen. Richard Blumenthal has released a Senate report examining Tether’s role in Iran’s shadow banking network. The investigation reviewed blockchain activity across 846 wallets sanctioned or targeted over Iranian connections. Investigators found 84% of those wallets transacted exclusively or almost exclusively in USDT. Blumenthal urged Treasury and Justice officials to investigate potential sanctions and banking law violations. Tether disputes the characterization, saying it has helped freeze nearly $550 million linked to Iran.