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Regulation Score 38 Neutral

Tether Freezes $344 Million in USDt Following US Law Enforcement Request

Apr 23, 2026 19:26 UTC
USDt
Short term

Stablecoin issuer Tether has blocked access to $344 million worth of USDt across two digital wallets. The action follows a formal request from United States authorities citing illegal activity.

  • Tether froze $344 million in USDt tokens
  • Action taken at the request of US law enforcement
  • Two specific wallet addresses were targeted
  • Issuer cited 'activity tied to unlawful conduct'
  • No systemic risk to USDt peg identified

Tether, the issuer of the world's largest stablecoin USDt, has frozen approximately $344 million in assets held across two separate wallet addresses. The move comes as part of an ongoing effort to coordinate with global regulatory bodies to prevent the misuse of digital assets. The freeze was executed following a direct request from US law enforcement agencies. While the specific nature of the investigation was not disclosed, Tether stated the action was taken due to "activity tied to unlawful conduct." The frozen funds consist of dollar-pegged tokens, which are designed to maintain a 1:1 value with the US dollar. The company has not provided further details regarding the identities of the wallet holders or the specific crimes being investigated. Such freezes are becoming increasingly common as stablecoin issuers cooperate with authorities to curb money laundering and fraud. However, because the action targeted specific addresses rather than the broader ecosystem, it is unlikely to impact the stability of the USDt peg or broader cryptocurrency market liquidity.

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