As the U.S. Senate Permanent Subcommittee on Investigations announced that 84% of crypto wallets linked to Iran and sanctioned by the U.S. and Israel processed all or nearly all transactions in Tether (USDT), Tether refuted, stating, "We froze approximately $550 million worth of Iran-related USDT during the year 2026." Tether emphasized, "We have cooperated with U.S. and international law enforcement authorities to comply with relevant laws and regulations. We also cooperated with the economic sanctions recently imposed on Iran by Treasury Secretary Scott Bessent." "Tether has consistently demonstrated that USDT is not a haven for sanctioned entities, terrorist organizations, or criminal networks. U.S. authorities, including the Department of Justice, FBI, Secret Service, Homeland Security Investigations, and the Treasury Department's Office of Foreign Assets Control (OFAC), have repeatedly acknowledged our role in major law enforcement operations."
