JUST IN: Trump Administration Says $344 Million USDT Frozen by Tether Is Linked to Iran

According to U.S. officials, the frozen funds were traced to cryptocurrency wallets associated with Iranian entities, with blockchain analysis uncovering connections to financial networks tied to the country.

Authorities say the action was carried out in coordination with the U.S. Treasury and other agencies, with Tether restricting access to the wallets after they were flagged for potential sanctions violations.

Investigators reportedly identified transaction flows connected to entities linked to the Central Bank of Iran, suggesting that digital assets may have been used to bypass international financial restrictions.

The move is part of a broader crackdown on Iran’s access to global financial systems, as regulators increasingly focus on stablecoins like USDT and their role in cross-border transactions.

This development highlights growing scrutiny of the crypto sector, particularly as governments step up efforts to monitor and control the use of digital assets in sanctions evasion.