Tether just froze $131 million belonging to Iran’s central bank.


The US added 4 wallets to the sanctions list and within hours the funds were dead. Over $165 million sat in those addresses. No court in Iran, no negotiation, just a switch flipped at a private company’s compliance desk.
Whatever you think of Iran, sit with the mechanics. A stablecoin issuer can freeze any wallet on earth the moment a government asks. Central banks included.
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