Tether is a ‘lifeline’ for Iranian regime, Senate Dems say in new report
Summary
A report from Senate Democrats’ intelligence subcommittee alleges that Iran uses Tether’s USDT in a shadow banking network to evade sanctions, estimating about $2 billion in Iranian government transactions last year. It says Tether has been slow or inconsistent in freezing Iran-linked wallets and that illicit groups have increasingly used USDT. Tether disputes the implication that it fails to cooperate, saying it has helped freeze nearly $550 million in Iran-linked funds and works directly with U.S. and other authorities.
