US Senate: Iran Bypasses Sanctions via Tether Stablecoin

A report reviewed by WSJ claims Tehran is increasingly relying on USDT to sustain a shadow banking system. Investigators analyzed 846 crypto wallets sanctioned by the U.S. and Israel over ties to Iran; in 84% of cases, all or nearly all transactions were conducted in USDT. According to senators, the cryptocurrency was used for payments and funding regional groups, including Hezbollah.