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Tether Freezes Over $550M in Iran-Linked USDT Amid Regulatory Scrutiny

Guavy AI Editorial Team
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Tether, a company that issues the USDT stablecoin, reported freezing over $550 million in Iran-linked funds this year. This move is part of an effort to comply with international sanctions against Iran.

The freeze is a result of Tether's implementation of stricter controls on transactions involving Iranian addresses.

This development comes as the global cryptocurrency market continues to grapple with regulatory challenges and the need for greater transparency in the sector.

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