FILTERED RESULTS
FILTERS
Ads Top
DARK MODE
CHART
MCap $2.9T -0.3%24h Vol $90.2B -42%Fear & Greed 71/100Alts Index 57/100
BTC.D 58.3% 0%Stable.D 9.3% +0.1%ETH.D 11.4% 0%Others.D 21.0% -0.1%
SOON$0.4436+23.77%•ZBCN$0.00255739+15.93%•PUMP$0.00578169+15.58%•NIGHT$0.0332+14.12%•ZRO$1.767+14.07%•TRAC$0.4207+11.63%•KSM$5.161+11.12%•QNT$283.62+10.74%•CAP$0.0617+10.38%•BONK$0.00000391+8.66%•
LIT$3.831-13.71%•MARSCOIN$0.1414-10.47%•HBAR$0.1062-9.86%•AI$0.1982-9.26%•BR$0.8281-8.92%•MINA$0.1414-7.86%•ZAMA$0.0738-6.97%•KAS$0.0435-6.89%•CC$0.1233-6.46%•LINK$14.342-6.12%•
Top movers 24h
    Filters
      Coins
      Sentiment
      Impact
      Search
      FILTERED RESULTS

        

      Upgrade your plan
      Dashboard

      US Senate Report Links Tether's USDT to Iran's Sanctions-Evasion Activities

      A report released by the Senate Permanent Subcommittee on Investigations on September 28, 2026, reveals that Tether's USDT stablecoin is significantly linked to Iran's efforts to evade international sanctions. The 28-page document, titled "Tethered to Terrorism: Crypto and Iran’s Shadow Banking Network," indicates that 84% of 846 assessed sanctioned Iranian crypto wallets primarily transacted in USDT, highlighting the stablecoin's role in facilitating illicit financial activities.

      The investigation found that Iran's Central Bank has accumulated at least $507 million in USDT, providing the sanctioned nation with access to dollar-denominated liquidity outside the traditional banking system. Between 2021 and 2025, sanctioned oil smugglers transferred over $603 million in USDT, while Iran reportedly conducted approximately $2 billion in cryptocurrency transactions in 2025, with USDT dominating the flow. The report also identified connections to Hezbollah, a group designated as a terrorist organization by the United States.

      In response to the findings, Tether stated that it has been cooperating with U.S. authorities and has frozen nearly $550 million in USDT linked to Iran in 2026. However, the Senate report criticized Tether for its slow response in freezing certain wallets and for not proactively blocking others, suggesting that delays allowed funds to move before freezing orders could take effect. The report underscores USDT's dominance in Iranian networks, attributing it to the stablecoin's dollar stability, high liquidity, and widespread acceptance.

      The implications of the report may extend to regulatory actions against Tether, especially following the June 2026 sanctions on four Iranian crypto exchanges linked to the Islamic Revolutionary Guard Corps. Competing stablecoins, such as USDC issued by Circle, may benefit from a potential regulatory crackdown on Tether, as USDC has positioned itself as a compliance-focused alternative. The report raises questions about the effectiveness of Tether's centralized control over token movement, which, while useful for regulators, has drawn criticism for its execution.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

      .

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud