US, Tether freeze $131M in Iran-linked USDT on Tron

On Tuesday, the US Treasury, along with Tether, froze approximately $131 million in USDT funds linked to Iran’s central bank, demonstrating how the effective work of stablecoin infrastructure initially designed to facilitate instant and cost-efficient transfers is also exploited by the parties sanctioned by the US government. USDT (stablecoin pegged to US dollars by Tether)...