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Tether blocks four TRON wallets tied to Iran's IRGC, freezing about $131 million in USDT

AI Market Summary
Tether reportedly froze four TRON addresses holding about $131M USDT tied to Iran's IRGC and the Central Bank of Iran, with U.S. Treasury framing the action as sanctions enforcement against illicit digital-asset flows. The event highlights counterparty and compliance risk around stablecoin liquidity on TRON rails, potentially tightening screening by payment providers and exchanges and increasing sensitivity to OFAC-related enforcement actions.
Impact level
● Medium
Affected assets
TRX/USDT+0.38%
AI Insight · TRX/USDTAI Insight
● Neutral
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Tether has frozen four wallet addresses on the TRON network holding roughly $131 million in USDT, according to analyst Specter. On-chain data shows most of the funds were withdrawn from payment services firm DTC Pay and crypto exchange Bitso. The addresses have been linked to Iran's Islamic Revolutionary Guard Corps (IRGC) and the Central Bank of the Islamic Republic of Iran (Bank Markazi Jomhouri Islami Iran), both of which are sanctioned by the U.S. Treasury's Office of Foreign Assets Control (OFAC). U.S. Treasury Secretary Scott Bessent said in a post that the action is aimed at curbing Iran's illicit financial activity and its use of digital assets. He added that the Treasury will keep tracking illegal flows and move to cut off revenue channels used by the Iranian regime.
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TRX
TRX+0.33%
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