A Senate staff report released by Senator Blumenthal alleges that two sanctioned Iranian oil smugglers moved over $603 million in USDT through networks connected to Hezbollah and Houthi factions between June 2021 and August 2026

Stablecoins

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

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