Tether froze more than $180 million in USDT from Tron-based wallets in a series of rapid actions, likely in cooperation with law enforcement. Stablecoins now represent 84% of illicit crypto transaction volume, according to Chainalysis data, with Tether showing strong enforcement by freezing $3.3 billion and blacklisting over 7,000 wallets from 2023 to 2025. Despite these compliance actions, USDT maintains dominant market share with nearly $187 billion capitalization, reflecting its central role in the stablecoin market.
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[IMPORTANT] Tether Freezes $180M Amid Growing Use of Stablecoins in Illicit Crypto Transactions
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