Tether has frozen nearly $550 million in USDT linked to Iran's Central Bank and sanctions evasion networks in 2026.
In April, Tether froze more than $344 million across two TRON addresses at the dire...
This is why USDT circulating supply figures overstate actual usable dollars in sanctioned economies—every "frozen" address still counts in market cap until Tether burns the tokens. The real story is the lag: OFAC designates addresses, Tether freezes days later, meaning sophisticated actors had a window to move funds before the freeze hit.