Tether Defends as US Senate Probe Finds USDT Used in 84% of Sanctioned Iran’s Wallets

Tether pushed back against a U.S. Senate probe finding that USDT was used in 84% of sanctioned Iran's wallets. The company claims it has frozen nearly $550 million in Iran-linked USDT this year at U.S. authorities' request. The dispute highlights ongoing concerns about stablecoin use in sanctions evasion.