Tether’s Ardoino Fires Back at Senate Over Iran USDT Report
Photo: CoinCentral
TLDR Tether CEO Paolo Ardoino says the company froze flagged addresses an average of four weeks before official sanctions since 2023. He claims Tether froze 99% of reported addresses before Chainalysis labeled them. Senate Democrats found that 84% of 846 Iran-linked wallets used USDT exclusively or nearly exclusively. Senator Richard Blumenthal asked Treasury and the Justice Department to investigate Tether. Ardoino says Iran-linked stablecoin volumes fell 94%, but the figures are unverified company claims. Tether CEO Paolo Ardoino has pushed back on a Senate report about Iran and the USDT stablecoin. In an Oct.
Source: CoinCentral
