Tether commits to freezing addresses linked to sanctions as scrutiny over USDT misuse grows

Oluwapelumi Adejumo

Stablecoin issuer Tether told CryptoSlate that the firm would freeze any addresses linked to sanctioned entities. This decision comes in response to reports indicating that some state actors were leveraging Tether’s USDT tokens to circumvent US sanctions. A spokesperson for the firm said: “Tether respects the Office of Foreign Assets Control (OFAC) SDN list and […]

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Tether commits to freezing addresses linked to sanctions as scrutiny over USDT misuse grows