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Tether USDT Iran sanctions investigation

A fresh Senate probe suggests Iran may have bypassed U.S. sanctions using Tether's USDT as a digital dollar within its shadow financial system. The investigation reviewed 846 crypto wallets sanctioned for connections to Iran and found that 84% of them transacted exclusively or nearly exclusively in USDT. The report claims this network enabled Iran to move money despite restrictions while also funding proxies like Hezbollah. Source: WSJ / Writer: Samuel

1mo

Jolyon@jolyon

Follow

Tether USDT Iran sanctions investigation

A fresh Senate probe suggests Iran may have bypassed U.S. sanctions using Tether's USDT as a digital dollar within its shadow financial system. The investigation reviewed 846 crypto wallets sanctioned for connections to Iran and found that 84% of them transacted exclusively or nearly exclusively in USDT. The report claims this network enabled Iran to move money despite restrictions while also funding proxies like Hezbollah. Source: WSJ / Writer: Samuel

1mo