According to on-chain data tracking agency analysis, between 2023 and 2025, the differences in asset freezing between the two major stablecoin issuers, Tether and Circle, are quite significant. Tether froze assets worth $3.3 billion, while Circle froze $109 million, a scale difference of about 30 times.

What's even more interesting is the law enforcement cooperation behind this. During this period, Tether added 7,268 wallet addresses to the blacklist. More than 2,800 of these addresses were handled in collaboration with U.S. law enforcement agencies. This not only demonstrates the strict stance of stablecoin issuers on anti-money laundering and anti-terrorism financing but also reflects how they cooperate with global regulatory requirements through freezing, destruction, and other means.

To some extent, this set of data indicates that in today's increasingly regulated crypto assets environment, stablecoins, as the most important on-chain infrastructure, have become a key part of compliant governance.