Tether CEO Says Addresses Frozen Weeks Ahead of Sanctions, Driving 94% Drop in Iran-Linked Volumes
2 outlets · first seen 7d ago · latest 6d ago
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The Daily Hodlfirst seen
Tether CEO Says Addresses Frozen Weeks Ahead of Sanctions, Driving 94% Drop in Iran-Linked Volumes
A major stablecoin issuer says it is outpacing official sanctions and analytics labels with proactive freezes on suspicious addresses. Tether CEO Paolo Ardoino says that since 2023 the firm froze addresses an average of four weeks before the U.S. Treasury Department’s Office of Foreign Assets Control and Israel’s National Bureau for Counter Terror Financing formally flagged them as being linked…
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Crypto Daily™
Tether Pushes Back on Senate Iran Scrutiny, Citing Lower Iran-Linked Volumes
Tether CEO Paolo Ardoino said on October 19 that the company’s actions had cut Iran-linked stablecoin volumes by 94%, pushing back against a U.S. Senate investigation that found USDT was overwhelmingly used by a set of wallets sanctioned or targeted for seizure over Iranian links. Ardoino also said Tether froze relevant addresses an average of four weeks before formal designations…