U.S. Senate Democrats find 84% of sanctioned wallets used Tether’s USDT

  • U.S. Senate Democrats found Iran’s regime heavily used Tether’s stablecoin.
  • 84% of more than 800 sanctioned crypto wallets primarily or exclusively used USDT.
  • The Senate report identified USDT as one of Iran’s main payment methods.

An investigation by U.S. Senate Democrats found that Iran’s regime extensively uses Tether’s USDT, a stablecoin (crypto token designed to maintain a stable value), for payments. The Senate report said USDT has become one of Iran’s main payment methods. Among more than 800 sanctioned crypto wallets examined, 84% used USDT exclusively or as their primary cryptocurrency.

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