The Aporia · Tether USDT aids Iran funding, Senate report says

A Senate report led by Senator Richard Blumenthal claims that Tether's USDT stablecoin has become a significant financial tool for Iran and proxy organizations like Hezbollah, enabling them to move money across borders despite sanctions. Analyzing 846 sanctioned crypto wallets, the report found that 84% had transactions in USDT, which Tether calls a commitment to compliance with government regulations while denying any support for sanctioned activities. The Senate report comes as part of increased U.S. efforts to combat Iran's use of cryptocurrencies under Operation Economic Outcast.

Written by AI on 2026-09-28, from this article's own text only (the story summary below draws on all the coverage).

Story summary

On September 28, a Senate report led by Senator Richard Blumenthal revealed that Tether's USDT stablecoin has become a significant financial lifeline for Iran. The report analyzed 846 crypto wallets sanctioned by Israel and the US, finding that 84% transacted in USDT. This allowed Iran to move money across its borders and support its currency amid US sanctions, including through the Central Bank of Iran. Senator Blumenthal called for further investigation into Tether's activities by the Treasury and Justice Departments. Tether responded by stating their commitment to cooperating with the U.S. government and supporting efforts that froze nearly $550 million linked to Iran.

Written for “Tether Funding Iran” on 2026-10-30, grounded in this article and the 0 other(s) covering the same event.

📰 Tether Funding Iran

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US sanctions 10 entities for allegedly supporting Iran’s military Different event

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“The articles describe different actions: one discusses a Senate report on Tether's USDT aiding Iran, while the other reports new sanctions by the U.S. administration against entities supporting Iran’s military.”

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The Straits Times

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Tether USDT aids Iran funding, Senate report says Sept 28 - Tether's USDT stablecoin has become a "significant financial lifeline" for Iran and a tool for funding proxy organizations, including Hezbollah, according to a report led by Senate Democrats, published on Monday. uncertain

stablecoin → aid → Monday

Led by Senator Richard Blumenthal of Connecticut, the top Democrat on the Senate Permanent Subcommittee on Investigations, the report analyzed 846 crypto wallets that have been sanctioned by Israel and the US in connection with Iran. asserted

that → lead → Iran

It found that 84% transacted in USDT, such as to help the Iranian government move money across its borders and support its currency amid US sanctions, including through the Central Bank of Iran. asserted

government → find → Iran

The report "exposes how Tether and its flagship token have become central to Iran’s shadow banking system," allowing the Iranian government to fund a range of activities, Blumenthal said in a statement. asserted

Blumenthal → expose → statement

He called for the Treasury and Justice Departments to investigate Tether. asserted

Treasury → call → Tether

Tether's USDT is the world's largest dollar-backed stablecoin. asserted

USDT → back → ?

In a statement, the company said it was committed to cooperating with the US government, and said it supported the freezing of nearly $550 million in Iran-linked USDT in 2026. asserted

it → say → 2026

"Tether has consistently demonstrated that USD₮ is not a haven for sanctioned actors, terrorist organizations or criminal networks," Tether CEO Paolo Ardoino said in the statement. asserted

Ardoino → demonstrate → statement

Following the start of the US military campaign against Iran this year, the Treasury Department has stepped up sanctions against the Islamic Republic. asserted

Department → follow → Republic

Last month, it launched Operation Economic Outcast, which included a focus on crypto transactions. asserted

which → launch → transactions

Tether USDT aids Iran funding, Senate report says

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