US Senate Democrats Accuse Tether's USDT of Helping Iran Evade Sanctions
Lawmakers demand answers from Treasury and Justice on whether Tether's compliance and AML controls are under investigation, as Congress weighs stablecoin legislation.
US Senate Democrats Accuse Tether's USDT of Helping Iran Evade Sanctions
Democratic senators in the United States have sent a letter to relevant regulators, alleging that the stablecoin USDT, issued by Tether, has been used to help Iran evade US sanctions. In the letter, the lawmakers asked the Treasury Department and the Department of Justice to clarify whether they have opened investigations into Tether's compliance system and anti-money laundering (AML) controls.
Tether responded by saying that the company has cooperated with law enforcement to freeze addresses linked to illegal activity, and stressed that its token is not an anonymous tool. USDT currently has a circulating supply of about $110 billion, making it the world's largest stablecoin by market value.
The allegations come as the US Congress advances stablecoin regulatory legislation, with the Senate Banking Committee having previously discussed related bills. If regulators determine that Tether's compliance measures are insufficient, it could affect its operations in the United States and its connections to the banking system.
Source: https://news.google.com/rss/articles/CBMilAFBVV95cUxPWWdvQU9UbXZWMlFyM09zYXhfaWw4UFNzUFV5WjN0RTVabm9JaHVGM2tPZWFFck9aT2xyZ0Rnd2ozc3J4OUJuSjdfRGZiSTlhNjdhNVdRbUw3cHV4RU9TdUN4aERyWFR0TktLNnRSRlp3MGZnRTFmenRxQWY3OGNXMmVnY2g3S2VrVHlBcGdZUWtKN3NW?oc=5
Provenance & status
- Byline
- OceanAlt Editorial
- First published
- 2026-09-29
- Last updated
- 2026-09-29
- Content type
- Newsflash
- Source material
- View original ↗
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