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Senate Report Claims Iran Is Using Tether's Stablecoin To Evade Sanctions
Cryptocurrency linked to crime; in other news: fork found in drawer.
Via Engadget
·Excerpt
The company says it helped freeze $550 million in USDT linked to the country so far this year.
Vladimir Vladimirov/Getty Images
A Senate report claims Iran is benefiting from Tether's USDT stablecoin to the point where it's become a "significant financial lifeline" within the country's "shadow banking network." It says Iran is using Tether as an international payment system to get around sanctions on its banks as well as a means to fund terrorist proxy organizations.
Sen. Richard Blumenthal, the…
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