ChainCatcher news, Tether announced that its stablecoin USD₮ has been recognized by the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA) as an “Fiat-Backed Reference Token” (AFRT). This recognition extends to several major blockchain networks including Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, and TRON, marking another significant development following previous approvals for use on Ethereum, Solana, and Avalanche.
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Tether freezes $344 million in USDT on the Tron network: OFAC collaboration, two addresses implicated in sanctions evasion
According to a Decrypt 4/23 report, stablecoin issuer Tether froze two wallets on the Tron chain that day, totaling $344 million USDT—one of the largest single-instance freezing actions in Tether’s history. The entity coordinating the action did so in conjunction with the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) and U.S. law enforcement agencies. The two addresses were marked as allegedly involved in sanctions evasion, criminal networks, or other illegal activities.
Two Tron addresses total $344 million USDT frozen
Decrypt cites Tether data, saying that this freeze was concentrated on the Tron network, broken down into the following two transactions:
Address (prefix) Frozen amount Chain TNiq9…QZH81 About $213 million USDT Tron
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Tether Freezes $344M in USDT on Tron Blockchain in Coordination with OFAC
Gate News message, April 23 — Tether froze two large whale wallets on the Tron blockchain holding a combined $344 million in USDT on Wednesday in coordination with the U.S. Treasury's Office of Foreign Assets Control (OFAC) and U.S. law enforcement. The two addresses held approximately $131.3 millio
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Tether Supports Freezing of $344M in USDT in Collaboration With U.S. Government
Gate News message, April 23 — Tether announced it has supported the U.S. government in freezing over $344 million in USDT across two wallet addresses. The action was coordinated by the U.S. Department of Treasury's Office of Foreign Assets Control (OFAC) and U.S. law enforcement agencies to prevent
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USDT supply reaches a new all-time high of 188 billion USD, with 550 million users relying on payment savings
Tether CEO Paolo Ardoino announced on April 21 that the circulating supply of USDT has reached a new all-time high of $188.0 billion, further widening its lead over competitors and making it the third-largest crypto asset by market cap, trailing only Bitcoin and Ethereum. Ardoino emphasized that more than 550 million users in emerging markets currently rely on USDT for everyday payments.
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USDT supply hits fresh $188b ATH as Tether tightens grip on stablecoins
Tether CEO Paolo Ardoino says USDT supply has hit a record $188b, cementing the stablecoin's dominance as broader stablecoin liquidity sits near all-time highs.
Summary
Tether CEO Paolo Ardoino says USDT supply has reached a record $188 billion.
The new peak comes weeks after stablecoins hit a
Cryptonews04-21 16:19
