11 Hrs
Source:
المشهد العربي
US Senators: Tether key to Iran economy
A Democratic report in the U.S. Senate revealed that the stablecoin "USDT" (Tether) is a major source of funding for Iran, having been used in 84% of transactions related to Iranian financing and financial infrastructure. It has helped Iran bypass American sanctions by passing funds and stabilizing its local currency. Tether responded by affirming its cooperation with U.S. authorities and supported the freezing of approximately $550 million of USDT linked to Iran in 2026.
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