Tether suspended the use of 11 cryptocurrency addresses, which contained a total of about 6.45 million USDT. According to the analytical service MistTrack, the blocking was initiated by government agencies seeking to stop schemes related to money laundering and fraud. However, the company itself traditionally did not disclose details, limiting itself to the fact of freezing.
MistTrack experts reminded that such steps are standard practice for Tether. The stablecoin issuer regularly interacts with various regulators and intelligence agencies around the world. Among them is the Office of Foreign Assets Control (OFAC), which oversees compliance with sanctions legislation in the United States. Since 2014, the company has frozen assets worth over $2.9 billion in USDT tokens, fulfilling the requirements of government agencies.
The largest cases of blocking are often associated with threats to global security. For example, on July 24 of this year, Tether restricted access to 1.6 million USDT. According to the investigation, these funds were associated with the financing channels of terrorist organizations in the Gaza Strip.
At the same time, Tether continues to expand its presence in traditional financial markets. Since July, the company has entered the top ten largest owners of US government debt. At the beginning of the month, its portfolio of investments in US bonds exceeded $127 billion, which demonstrates the importance of the stablecoin issuer not only in the cryptocurrency, but also in the global financial system.
Thus, Tether occupies a dual position: on the one hand, the company remains the largest player in the field of digital assets, on the other, it is closely integrating into the traditional economy, while cooperating with the authorities in the fight against financial crimes. Freezing accounts becomes a tool for it that helps it comply with international requirements and maintain a reputation as a reliable partner for government agencies.