Tether Became the Crypto Rail for Iran, Hamas, Hezbollah and the Houthis, Congress Wants To Know Why

Tether’s $USDT sits at the centre of a Senate Democratic probe into Iran-linked wallets, with separate US cases documenting USDT use in Hamas, Hezbollah and Houthi-linked networks (Credit: YouTube/Tether)

The Democratic minority on a powerful US Senate investigative panel has found that 84 per cent of digital wallets in an Iran-focused sanctions probe traded exclusively or almost exclusively in Tether's USDT stablecoin.

This places the company at the centre of questions over how Iran, Hamas, Hezbollah and the Houthis move money outside the traditional banking system.