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Tether Freezes $344 Million USDT Stablecoins Flagged For Illicit Activity
Tether Freezes $344 Million USDT Stablecoins Flagged For Illicit Activity
Tether froze more than $344 million in USDT across two Tron addresses on Thursday, in coordination with the US Treasury’s Office of Foreign Assets Control (OFAC), marking one of the stablecoin issuer's largest compliance actions on record.
While Tether did not name the network of the frozen funds, blockchain security firm PeckShield identified the blacklisted addresses as TNiq9...QZH81 and TTiDL...pjSr9, holding approximately $213 million and $131 million respectively.
The action comes weeks after the $285 million Drift Protocol exploit; an incident that...
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Tether Launches Self-Custodial Wallet Supporting USDT, Bitcoin, & Tokenized Gold
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Authored by Naga Avan-Nomayo via TheBlock.co,
Tether, issuer of the world’s largest stablecoin USDT, is stepping further out from behind the rails with the launch of its self-custodial wallet, which it says is designed to put its payments infrastructure directly in the hands of users, rather than operating solely as a backend layer for crypto markets.
The application, dubbed tether.wallet, targets "billions of users left behind by the traditional financial system," the firm said in a Tuesday announcement.
Tether stated that it also builds...
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