Senate links Tether to Iran finance
A Democratic report from the U.S. Senate has confirmed that the "USDT" stablecoin, linked to the company Tether, has become financially significant for Iran's parallel financial system. It is used to fund groups such as Hezbollah. The report indicates that 84% of wallet transactions connected to Iran were conducted using this currency, facilitating cross-border money transfers and strengthening the Iranian currency despite U.S. sanctions, including cooperation with the Central Bank of Iran. The United States has called for investigations into Tether, which has announced its cooperation with the U.S. government and the freezing of approximately $550 million worth of currency linked to Iran in 2026, affirming that its currency is not a haven for terrorist organizations or criminal networks.
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