Defi
Tether CEO Claims Wallet Freezes Cut Iran-Linked Stablecoin Volumes by 94% Since 2023
CoinGape·October 20, 2026·1 min read
Tether CEO Paolo Ardoino claimed on October 19 that the company's wallet freeze program cut Iran-linked stablecoin transaction volumes by 94% since 2023, responding to a U.S. Senate report. Third-party data from TRM Labs supports the directional claim, according to the report. The freeze program targets addresses associated with illicit activity.
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