At Turkey’s request, Tether froze $544 million in suspected illicit funds, contributing to a total of $2.5 billion in frozen assets by major stablecoin issuers by end-2025.
On February 7, Tether froze over $544 million in crypto assets after a request from Turkish authorities, linked to an alleged illegal gambling and money laundering ring. According to Elliptic, Tether and Circle have collectively blacklisted around 5,700 wallets, freezing $2.5 billion in digital assets by the end of 2025, with USDT accounting for two-thirds of the total. The action underscores both Turkey’s intensified enforcement efforts and the growing role of stablecoin issuers in global regulatory cooperation.