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Senate Investigation Finds Rampant Use of Tether’s Stablecoin by Iranian Regime

Summary by BizToc
Wallets sanctioned over Iran ties overwhelmingly dealt in Tether’s USDT stablecoin, according to Senate Democrats.
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10 Articles

Tether collaborated with US authorities in freezing USDT Tether Iran for about 550 million dollars in 2026, hitting networks linked to Iran's central bank and sanctioned circuits. Tether key points supported US authorities in freezing about 550 million dollars in USDT related to Iran in 2026. To [...]

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An investigation by a U.S. Senate subcommission claims that the Central Bank of Iran accumulated at least $507 million in USDT and tracks oil-related transfers, sanctioned entities, and networks linked to the Revolutionary Guard. The case also focuses on Tether-supported freezes and a $61.2 million confiscation lawsuit.

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BizToc broke the news on Monday, September 28, 2026.
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