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The report of the US Senate Standing Committee on Investigations identifies USDT as a key liquidity channel supporting Iran's shadow banking system. Licensed virtual asset service providers in the Gulf Cooperation Council region are facing higher sanctions compliance pressure and need to strengthen wallet ownership identification and counterparty assessment. Septten partner Soham Jethani stated that merchants settling their encrypted assets into local fiat currency cannot avoid the risk of sanctions. The name or pricing currency of the stablecoin does not determine legal ownership, and specific rights depend on contractual arrangements and actual payment processes. The regulated virtual asset service providers responsible for handling deposits and withdrawals assume counterparty, sanction risk assessment, and corresponding control responsibilities. (Source: Bitcoin.com News)