US Sanctions Freeze $131M in Iranian Central Bank Crypto Wallets

The US Treasury has added four crypto wallets linked to Iran's central bank to its sanctions list. These wallets had received over $165 million in stablecoins, primarily Tether (USDT), as part of Iran's efforts to support its currency.

The US Treasury's move has led to a freeze of $131 million in USDT held in TRON-based addresses by Tether. This brings the total blocked USDT linked to Iran's central bank to about $475 million.

The sanctions aim to restrict Iran's financial activities amid renewed conflict, with the frozen funds remaining under Iran's control but unusable for transfers or redemptions.