A U.S. Senate subcommittee led by Senator Richard Blumenthal released a report on Monday saying that USDT, the stablecoin issued by Tether, has become a "superhighway" for Iran to evade sanctions. According to the report, the panel has submitted its findings to the U.S. Department of the Treasury and the Department of Justice. The item was cited by Techub News, which referenced Decrypt. The report centers on the use of Tether’s dollar-pegged token in the context of sanctions enforcement and names Iran directly in its findings. No additional details from the report were provided in the source brief, but the release and referral to two U.S. agencies mark the key developments disclosed in the item.
A U.S. Senate subcommittee led by Senator Richard Blumenthal released a report on Monday saying that USDT, the stablecoin issued by Tether, has become a "superhighway" for Iran to evade sanctions.
According to Techub News, citing Decrypt, the report’s findings have been submitted to the U.S. Department of the Treasury and the Department of Justice.
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