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      Tether Says Its Wallet Freezes Drove 94% Drop in Iran-Linked Stablecoin VolumeTether CEO Paolo...

      Tether Says Its Wallet Freezes Drove 94% Drop in Iran-Linked Stablecoin VolumeTether CEO Paolo Ardoino disputed U.S. Senator Richard Blumenthal's analysis of the company's sanctions compliance, claiming its wallet freezes had reduced Iran-linked stablecoin transaction volume by 94%. Ardoino said Tether, issuer of the world's largest stablecoin USDT, had frozen relevant addresses an average of four weeks before official U.S. and Israeli sanctions designations since 2023, and acted before Chainalysis flagged them in 99% of cases.

      Source: Wu Blockchain
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud