In 2026, Tether froze approximately $550 million in USDT associated with addresses identified by U.S. authorities as linked to Iran.
In April, the issuer assisted in freezing over $344 million across two addresses following information from the U.S. Office of Foreign Assets Control (OFAC) and law enforcement agencies.
The next day, these addresses were added to the list of digital identifiers associated with the Central Bank of Iran.
In July, Tether froze an additional $130 million across four TRON addresses after the U.S. Treasury expanded its sanctions designations.
Company representatives connected these actions to the U.S. sanctions targeting Iranian networks that circumvent restrictions, also mentioning Operation Economic Outcast.
“Tether consistently demonstrates that USDT is not a haven for sanctioned entities, terrorist organizations, or criminal networks,” stated Paolo Ardoino, the firm's CEO.
Furthermore, Tether reported on its collaboration with law enforcement, noting that it has worked with over 340 agencies across 67 countries and has frozen more than $4.9 billion.
“Financial crimes do not become invisible simply because they are associated with blockchain. In many cases, the opposite is true. Records [in the distributed ledger] are publicly accessible,” Ardoino added.
It is noteworthy that OFAC placed the cryptocurrency exchanges Shelbit and Aban Tether on its sanctions list, accusing them of laundering funds for the Islamic Revolutionary Guard Corps.
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