The US Senate Permanent Subcommittee on Investigations has turned its spotlight on the world’s largest stablecoin issuer, finding that the Iranian regime widely used Tether’s USDT token to evade international sanctions. The inquiry, led by Sen. Richard Blumenthal, lays out a trail of hundreds of millions of dollars in USDT flowing through wallets connected to Iranian oil transactions, the country’s central bank, and entities aligned with Iran’s Revolutionary Guard Corps. Iran’s Central Bank has reportedly accumulated at least $507 million in USDT to keep its economy functioning under heavy financial restrictions. The paper trail and the crackdown The investigation draws on blockchain analysis and reporting from The Wall Street Journal and Fortune, which documented USDT transfers tied to illegal Iranian oil sales and support for IRGC-linked groups. On June 4, 2026, Blumenthal sent a formal records demand to Tether seeking documentation about USDT’s role in Iranian and Russian shadow banking networks. That demand came just two days after the Office of Foreign Assets Control sanctioned four Iranian cryptocurrency exchanges: Nobitex, Wallex, Bitpin, and Ramzinex. OFAC cited ties betwee...
Senate investigation finds rampant use of Tether’s stablecoin by Iranian regime
1 month ago
11
Related
CrowdStrike to acquire Fiddler AI and Dreadnode for $495 mil...
29 minutes ago
0
China plans investigation into AI applications for financial...
32 minutes ago
0
Why is XRP price stuck at $1.25 despite nearly 8,000 new wal...
40 minutes ago
0
EU court adviser says Google’s Gemini chatbot may infringe p...
54 minutes ago
1
Solana Price Below $95: Record ETF Outflows and Whale Sellin...
59 minutes ago
1
Tips
Online Tools
Site DoctorIcon Generator
Online Web Tools Collection 1
Online Web Tools Collection 2
Website Analysis
Website SEO
Domain Availability Check
Free videos download
Useful Information
Collection of Useful LinksListen to Free Radio
Listen to Free Music
Free Movie Information
IT Blog
IT News
IT Information
English Address Info
Global News Information
Global Bible Information
Global Book Information
Global Comic Book Information
Global Music Information
BTS, BlackPink Information
Cryptocurrency Information
Pet Dog Information
Overseas Real Estate Information
Cooking Information
Health Information
Overseas Travel Information
click
Popular
Coinbase adds AXIS, PEARL, and STABLE to its asset listing r...
2 weeks ago
515
Justin Sun outlines TRON’s plans beyond digital dollars
2 weeks ago
194
OpenAI adds real-time collaboration to ChatGPT Slides
2 weeks ago
116
© Clint's Crypto News 2026. All rights are reserved

















English (US) ·