The event, at which Trump himself is scheduled to speak, gathers top-tier holders of the $TRUMP meme coin.
The U.S. Treasury has sanctioned multiple cryptocurrency wallets allegedly linked to Iran and said it has frozen roughly $344 million in digital assets, underscoring Washington's growing reliance on blockchain intelligence and stablecoin issuers to disrupt sanctions evasion. According to Odaily, U.S. Treasury Secretary Scott Bessent said the department is tracking and blocking financial networks connected to the Iranian regime.
The U.S. Treasury has sanctioned multiple Iran-linked cryptocurrency wallets and helped freeze roughly $344 million in digital assets, underscoring Washington's growing reliance on blockchain analytics and stablecoin issuers to disrupt sanctions evasion networks. According to Odaily, U.S. Treasury Secretary Scott Bessent said the department is tracking and blocking financial channels connected to the Iranian regime.
The United States government seized $344 million worth of USDT stablecoin this week, claiming the digital assets are connected to Iranian state entities. This action represents another escalation in Washington's financial offensive designed to pressure Iran into diplomatic concessions.
Plasma surged to No. 7 in blockchain TVL at about $2B after Tether added wallet support, giving the new chain instant USDT liquidity and payments traction.
Treasury Secretary Scott Bessent said the U.S. is seeking to choke off "all financial lifelines" for the regime.
Tether pledged up to $127.5M to recapitalize Drift after its April 1 exploit, anchoring the exchange's recovery plan and shifting settlement to USDT.
Tether minted $3 billion USDT in a single week, with Abraxas Capital receiving $2.89 billion of that total, according to on-chain records. The concentrated allocation to a single entity has drawn attention from market participants tracking stablecoin liquidity flows.
Tether will fund up to $127.5M of Drift's $150M recovery plan after April's $270M exploit, with user repayments tied to the DEX relaunch and trading.
Crypto giant Tether disclosed that it has supported the US government in freezing $344 million in USDT held in two Tron wallets, following a request from the Office of Foreign Assets Control (OFAC) and US law enforcement.
Tether froze over $344 million in USDT across two addresses on the Tron network, in coordination with OFAC and U.S. law enforcement agencies. The wallets were flagged for activity linked to sanctions evasion and criminal networks; one held $213 million and the other $131 million. Tether has frozen over $4.
Stablecoin issuer Tether said it coordinated with U.S. authorities to implement one of its largest asset freezes on record.