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Tether Freezes $4.2B in USDT Linked to Crime in 3 Years: Report

February 28, 2026Updated:February 28, 2026No Comments2 Mins Read
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Tether Freezes .2B in USDT Linked to Crime in 3 Years: Report
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Stablecoin issuer Tether has reportedly frozen roughly $4.2 billion price of its USDt tokens linked to suspected prison exercise over the previous three years.

A lot of the blocked funds had been restricted since 2023, as regulators and legislation enforcement businesses intensified scrutiny of crypto-related fraud and sanctions evasion, the El Salvador-based agency reportedly informed Reuters on Friday.

Tether’s dollar-pegged USDt (USDT) token is the most important stablecoin in circulation, with greater than $180 billion excellent, up sharply from about $70 billion three years in the past.

Tether can freeze tokens immediately on the blockchain by blacklisting pockets addresses when requested by authorities.

Associated: Tether-backed Oobit provides crypto-to-bank transfers for native fee networks

Tether helps governments freeze funds

On Tuesday, Tether introduced that it has assisted the US Division of Justice in seizing almost $61 million in USDt tied to “pig-butchering” scams, a scheme through which criminals construct relationships with victims earlier than persuading them to ship cash.

Earlier this month, the corporate additionally froze roughly $544 million in cryptocurrency on the request of Turkish authorities, blocking funds tied to an alleged unlawful on-line betting and money-laundering operation.

In keeping with blockchain analytics agency Elliptic, by late 2025, stablecoin issuers Tether and Circle had blacklisted round 5,700 wallets holding about $2.5 billion, with roughly three-quarters of the addresses containing USDt once they had been frozen.

Associated: Tether USDT provide set for greatest month-to-month decline since 2022 FTX collapse

USDt provide shrinks

As Cointelegraph reported, USDt is on observe for its largest month-to-month provide drop in three years, with circulating provide falling about $1.5 billion in February after a $1.2 billion decline in January, in line with blockchain information. The contraction echoes the interval following the FTX collapse in late 2022 and should level to tighter liquidity in crypto markets.

Tether Freezes .2B in USDT Linked to Crime in 3 Years: Report
USDt market cap drops in previous month. Supply: CoinMarketCap

Tether mentioned the figures mirror short-term distribution adjustments reasonably than weakening demand, noting USDC (USDC) additionally noticed a multibillion-dollar discount throughout the identical interval.

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