Tether, issuer of the world’s largest stablecoin, said on Sunday it had frozen $85,877 in USDt (USDT) tied to stolen funds, acting in “collaboration with law enforcement.” The move has reignited debate over the role of centralized stablecoin issuers in enforcing crypto compliance.
The freeze, while relatively minor compared to other such actions by Tether, adds to the company’s growing record of intervention. Tether says it has frozen over data-ct-non-breakable=”null” href=”https://tether.io/news/tether-recognized-for-assisting-the-united-states-secret-service-in-23m-freeze-related-to-transfers-on-sanctioned-exchange-garantex/” rel=”noopener nofollow” target=”_blank” title=”null”>$2.5 billion in USDt linked to illicit activity and has blocked more than 2,090 wallets in cooperation…
