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Deep Tide TechFlow message: On July 17, according to CoinDesk, the U.S. Department of the Treasury added four cryptocurrency wallets associated with the Central Bank of Iran to the sanctions list. Stablecoin issuer Tether immediately froze the USDT held in those addresses, totaling $131 million. These TRON blockchain-based wallets previously received more than $165 million in stablecoins in total, and some of the funds were transferred before the freeze.
This action increased the total amount of frozen USDT tied to the Iranian central bank to about $475 million. OFAC said the wallet list it published is not exhaustive, and other Iran central bank-controlled addresses may also be treated as blocked assets. The frozen tokens can still be viewed on-chain, but the associated addresses can no longer transfer or redeem these funds.