CryptoTechmemeabout 1 hour ago
Blumenthal Report: Tether Central to Iran Shadow Banking
16 min read
A Senate report led by Sen. Blumenthal finds Tether's USDT is central to Iran's shadow banking system, with 87% of 757 terrorism-related wallets predominantly transacting in USDT. The stablecoin's issuer faces scrutiny over illicit finance, potentially prompting new regulation and enforcement affecting crypto exchanges and users.
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