Tether CEO Challenges Senate Report With 94% Iran-Linked USDT Decline
Regulation
Stablecoins
Chainalysis
crypto regulation
illicit finance
Iran sanctions
OFAC
Paolo Ardoino
Richard Blumenthal
Tether
USDT
TLDR: Tether CEO Paolo Ardoino claims wallet freezes helped reduce Iran-linked stablecoin volume by 94%. Ardoino says Tether froze addresses four weeks before official US and Israeli sanctions designations. Tether claims it acted before Chainalysis flagged the relevant addresses in 99% of cases. A Senate investigation found 84% of 846 Iran-linked wallets relied almost exclusively [...]
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Source: Source: Blockonomi