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Tether says its freezes drove a 94% drop in Iran-linked stablecoin volumes

What happened

Paolo Ardoino's claim lands weeks after a Senate report found most sanctioned Iran-linked wallets ran on USDT Tether CEO Paolo Ardoino says his company’s address freezes have cut Iran-linked stablecoin transaction volumes by 94% since 2023. The timing matters. A Senate report.

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