Tether Freezes Wallets in Coordination With U.S. Authorities Over Venezuelan Sanctions Evasion

Tether has worked with U.S. authorities to block wallets allegedly linked to Venezuelan oil trade sanctions evasion involving PdVSA. The company’s actions have intensified scrutiny of stablecoins, even as USDT holds its $1.00 peg with a market cap of $186.72 billion and 24-hour trading volume of $37.45 billion. These enforcement-aligned freezes are prompting debate over stablecoin compliance and future regulatory expectations.