Democratic members of the US Senate accuse Tether of assisting Iran in evading sanctions

Democratic members of the US Senate have released a report accusing Tether's USDT of becoming a funding channel for Iran to evade sanctions, and stating that Iran processed $20 billion in transactions last year. Tether responded by stating that it has assisted in freezing nearly $550 million in USDT related to Iran and is working with law enforcement agencies in various countries to identify and freeze illegal funds.