Tether has frozen around $550 million in USDT that is linked to addresses flagged by U.S. authorities for connections to Iran. This action took place in 2026 and followed earlier initiatives where Tether assisted in freezing over $344 million in April based on information from the U.S. Office of Foreign Assets Control (OFAC) and other law enforcement agencies.
Shortly after, these addresses were designated as tied to the Central Bank of Iran. Additionally, in July, Tether took further action by freezing an extra $130 million across four TRON addresses. This move came after the U.S. Treasury broadened its sanctions against Iranian networks, which are believed to be attempting to evade restrictions.
Paolo Ardoino, Tether's CEO, remarked on the company's commitment to ensuring that USDT is not utilized by sanctioned entities or terrorist organizations, stating, "Tether consistently demonstrates that USDT is not a haven for sanctioned entities, terrorist organizations, or criminal networks."
