A Senate report just painted Tether as a financial lifeline for a sanctioned nation, but the story behind that striking statistic raises bigger questions about what it actually means for the millions of everyday holders sitting on USDT right now.
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A recent Senate report by Senator Richard Blumenthal revealed that 84% of 846 crypto wallets connected to Iran used Tether (CRYPTO: USDT) almost exclusively. Senate Democrats have labeled this stablecoin a “lifeline” for the Iranian government. As a result, Blumenthal has urged Treasury and Justice Department officials to investigate potential…
