Tether Freezes $12 Million of USDT on Tron Network

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Tether, issuer of the world’s largest stablecoin, USDt, has frozen over $12.3 million of digital assets on the Tron Network, continuing its clampdown on illicit activity in the crypto space.

Tether froze the USDt (USDT) at 9:15 am UTC Sunday on Tron, blockchain data from Tronscan showed.

While Tether has not issued a public statement, the freeze may stem from concerns over potential sanctions violations or Anti-Money Laundering (AML) risks.

“Tether enforces a strict wallet-freezing policy to combat money laundering, nuclear proliferation and…



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Tether Freezes $12 Million of USDT on Tron Network


Tether, issuer of the world’s largest stablecoin, USDt, has frozen over $12.3 million of digital assets on the Tron Network, continuing its clampdown on illicit activity in the crypto space.

Tether froze the USDt (USDT) at 9:15 am UTC Sunday on Tron, blockchain data from Tronscan showed.

While Tether has not issued a public statement, the freeze may stem from concerns over potential sanctions violations or Anti-Money Laundering (AML) risks.

“Tether enforces a strict wallet-freezing policy to combat money laundering, nuclear proliferation and…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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