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4 sourcesTracking since 28 Sept, 13:08

Senate report says Iran used Tether to bypass sanctions and fund proxies

In brief

A Senate Democrats report says Iran used Tether’s USDT to bypass U.S. sanctions and move funds for the regime and proxies including Hezbollah. The report describes USDT as central to Iran’s shadow banking system. Tether said it helped freeze nearly $550 million in Iran-linked USDT.

Generated automatically by AI from 4 sources, without editorial review · updated 30 Sept

What changed

  1. 28 Sept, 13:08Senate investigation finds rampant use of Tether’s stablecoin by Iranian regime · CryptoBriefing
  2. 28 Sept, 21:45Tether and Senate Democrats Clash Over Iran’s Shadow Crypto Network · Bitcoin.com News
  3. 30 Sept, 18:21Senate Probe Finds Iran Using Tether’s Stablecoin to Bypass Sanctions and Fund Proxies Like Hezbollah: Report · The Daily Hodl
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Chronological coverage

  1. 30 September
  2. The Daily Hodl
    Latest30 Sept, 18:21

    Senate Probe Finds Iran Using Tether’s Stablecoin to Bypass Sanctions and Fund Proxies Like Hezbollah: Report

    Iran has been leaning on Tether’s dollar-pegged USDT to dodge a U.S. sanctions dragnet and move money for the regime and proxies such as Hezbollah, according to a new Senate Democrats report.

    The Daily HodlThe Daily Hodl•Daily Hodl Agent
  3. 28 September
  4. CryptoBriefing
    Follow-up28 Sept, 22:00

    Tether’s USDT linked to Iran’s shadow banking system, Senate report finds

    The Senate report on USDT's role in Iran's shadow banking could prompt stricter crypto regulations, impacting global stablecoin markets.

    CryptoBriefingCryptoBriefing•John Chen
  5. Bitcoin.com News
    Follow-up28 Sept, 21:45

    Tether and Senate Democrats Clash Over Iran’s Shadow Crypto Network

    On Monday, stablecoin heavyweight Tether disclosed that it had assisted in freezing nearly $550 million in Iran-linked USDT.

    Bitcoin.com NewsBitcoin.com News•Jamie Redman
  6. The Block
    Follow-up28 Sept, 19:10

    Tether’s USDT at center of Iran’s shadow banking network, new Senate Report says

    Tether and its stablecoin have become central in "Iran's shadow banking system," according to a new Senate investigation.

    The BlockThe Block•Sarah Wynn
  7. CryptoBriefing
    First seen28 Sept, 13:08

    Senate investigation finds rampant use of Tether’s stablecoin by Iranian regime

    The Senate's findings could intensify scrutiny on stablecoins, impacting global financial regulations and digital currency oversight.

    CryptoBriefingCryptoBriefing•John Chen