Original sourceCryptonomist
Summary
Tether said it froze about $550 million in USDT linked to Iran's central bank and sanctioned networks in 2026, one of its largest enforcement actions this year. The freezes came in two waves: more than $344 million in April involving two addresses later designated by OFAC as tied to Iran's central…
Key points
- It concretely shows how a stablecoin issuer exercises freeze authority under the sanctions framework, an example for assessing compliance and counterparty risk.
- Issuers proactively freezing sanctioned-related funds will change how exchanges and payment firms judge compliance responsibilities and risk.
- Exchanges and merchants handling USDT must strengthen sanctions screening and source-of-funds checks to avoid touching sanctioned addresses.
Editorial note
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