On Sunday, Tether froze $12.3 million worth of USDT on the Tron blockchain, targeting wallets allegedly linked to money laundering and sanctions evasion. (Source: On-chain data)
Tether's T3 Financial Crime Unit (FCU) partners with Tron and TRM Labs to track suspect transactions in real time. Since late 2024, the FCU has frozen over $126 million in questionable assets, with $100 million blocked in the last quarter of that year alone. (Source: On-chain data)
Following regulatory synchronization with the US Treasury's Office of Foreign Assets Control (OFAC), Tether regularly blacklists wallets associated with sanctioned entities. In March 2025, Tether froze $27 million worth of USDT on the Russian-linked exchange Garantex. (Source: On-chain data)
In November 2023, Tether blacklisted $374,000 in USDT tied to Lazarus-associated addresses. Other stablecoin companies joined together to lock up $3.4 million in identical wallets. (Source: On-chain data)
On June 12, 2025, Tether diversified beyond digital currency by buying a 32% equity stake in Elemental Altus Royalties. The deal involved the purchase of over 78 million shares at CAD1.55 per share, valued around $89 million. (Source: On-chain data)
This move to become a public gold royalty company shows Tether's commitment to backing its stablecoin with real assets. Tether aims to strengthen confidence in its stablecoin by freezing criminal funds and backing USDT with real-world value. (Source: On-chain data)