Skip to main content
1 min read
▲ Good look for BlumenthalForeign PolicyTechnology / Privacy

Tether USDT aids Iran funding, Senate report says

Richard Blumenthal led a Senate report on Iran-linked USDT transactions and called for federal investigations.

Tether USDT aids Iran funding, Senate report says
Image · Reuters

SOURCE CHECK

TAP FOR WHY
Outlet credibilityReuters95/100 HIGH
This article1 analysis · Sep 28, 2026
Reuters
Sep 28, 2026
tl;dr

A Senate Democratic report led by Richard Blumenthal says USDT was used in 84% of 846 crypto wallets sanctioned in connection with Iran. Blumenthal called for federal investigations, while Tether said it cooperates with the government and supports freezing Iran-linked USDT.

Community verdict

14 VOTES
How does this story look for
Richard Blumenthal D · CT · SEN
● OPEN

People in this story

Richard Blumenthal
D · CT · SEN

Senator who led the report and called for investigations into Tether

PRIMARY SUBJECT

Part of a bigger story

7 OUTLETS
Blumenthal-Led Senate Report Alleges Tether Use in Iran Sanctions Evasion

A Senate report led by Richard Blumenthal says Tether’s USDT was used in Iran-linked sanctions evasion; Blumenthal called for federal investigations. Left-leaning outlets also highlight alleged ties between Tether and Commerce Secretary Howard Lutnick’s former firm. Center outlets emphasize the report’s findings on sanctioned wallets and include Tether’s account of its cooperation and freezes of Iran-linked USDT.

Discussion · 0

What's your take?

Loading comments…