A U.S. Senate investigation says Tether’s USDT has become a key tool in Iran-linked financial networks, with sanctioned wallets relying overwhelmingly on the stablecoin.
The report, reviewed by The Wall Street Journal, examined 846 crypto wallets sanctioned by the U.S. and Israel over alleged ties to Iran. It found that 84% conducted all or nearly all of their activity in USDT.
Investigators say the stablecoin has been used to move money outside the conventional banking system, helping sanctioned Iranian entities make payments and, in some cases, channel funds to regional groups including Hezbollah.
The findings add to growing scrutiny of Tether over its role in transactions linked to sanctioned actors, as U.S. lawmakers press the company on how it identifies and blocks illicit finance.
Live update published by Eastora News



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