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Tether Blocks One of Its Largest USDT Transfers
Tether has frozen more than $344 million in USDT across two blockchain addresses in a major enforcement action carried out with U.S. authorities. The stablecoin issuer said the move followed information shared by the Office of Foreign Assets Control and U.S. law enforcement agencies about activity connected to unlawful conduct. Once the addresses were identified, the funds were restricted from moving further.
The freeze is one of the largest single stablecoin enforcement actions linked to Tether in recent years. It also comes at a time when regulators, exchanges and blockchain analytics firms are paying closer attention to how dollar-backed tokens move across public networks. USDT remains the most widely used stablecoin in crypto trading, cross-border payments and decentralized finance, which makes any large freeze a major event for the wider digital asset market.
Two Wallets Targeted in Coordinated Enforcement Action
The frozen funds were reportedly held across two addresses on the Tron blockchain, a network known for fast transfers and heavy stablecoin usage. Reports citing on-chain data said one wallet held roughly $212.9 million in USDT, while the second contained about $131.3 million. Together, the two wallets accounted for more than $344 million in frozen digital assets.
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