A Senate report found that Tether's USDT stablecoin has become a critical tool for Iran to evade U.S. sanctions, with the token accounting for 84% of activity across 846 Iran-linked wallets. Tether disclosed it froze $550 million in Iran-connected USDT in 2024 while cooperating with U.S. authorities, intensifying regulatory scrutiny of stablecoins' role in sanctioned jurisdictions.
Tether disclosed it froze nearly $550 million in USDT tied to Iran's Central Bank in 2024 while cooperating with U.S. authorities. A Senate report found USDT accounted for 84% of activity across 846 Iran-linked wallets, intensifying scrutiny over the stablecoin's role in sanctioned jurisdictions.
Citigroup and Coinbase expanded their partnership to allow Citi's institutional clients to accept stablecoin payments directly through Coinbase business accounts settled on Citi banking rails. The arrangement merges crypto and traditional banking infrastructure, eliminating the need for enterprises to maintain separate systems.
Bitget resumed Bitcoin withdrawals Tuesday following a $387.5 million security incident caused by attackers exploiting a third-party vulnerability to steal internal credentials. CEO Gracy Chen pledged to restore the protection fund above $300 million this week.
Solana spot ETFs attracted $188 million in net inflows over a week, with $87 million coming on Friday alone—the highest single-day intake since launch. Bitwise's fund captured roughly two-thirds of total flows, while all seven active Solana ETF products recorded positive inflows.
Written by CoinArticle's AI Newsroom from cited sources. Not financial advice.
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