CryptoGizmodoabout 1 hour ago
Senate Report Links Tether USDT to Iran
3 min read
A 28-page Senate report published Monday by Democratic Senator Richard Blumenthal says Tether's USDT stablecoin is a significant financial lifeline for Iran's shadow banking network, citing 846 sanctioned crypto wallets where 84% transacted almost exclusively in USDT. The report also ties Tether's custodian Cantor Fitzgerald to Commerce Secretary Howard Lutnick. Tether says it is cooperating and has frozen $550 million in Iran-linked USDT.
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