Tether Freezes ¥288 Billion Worth of USDT at Authorities’ Request

Tether froze $182 million USDT on Tron under its wallet suspension protocol in compliance with OFAC sanctions, part of a broader $3 billion freeze with agencies in 62 countries.

USDT
TRX

Summary

Tether reported freezing $182 million in USDT across five Tron addresses on January 11, 2025, under its December 2023 wallet suspension protocol to comply with U.S. OFAC sanctions. According to the official announcement, this brings the total amount of USDT frozen to more than $3 billion. The company noted that it has partnered with over 310 law enforcement and regulatory agencies across 62 countries to implement such freezes.

Terms & Concepts
  • USDT: A stablecoin pegged to the U.S. dollar, issued by Tether, designed to maintain a fixed value.
  • Stablecoin: A cryptocurrency designed to minimize price volatility by pegging its value to a reserve asset, such as the U.S. dollar.
  • Tether: A company that issues USDT and other stablecoins, aiming to provide stable-value digital currencies.