Tether, the issuer of the USDT stablecoin, has frozen two wallets operating on the Tron network containing more than 24 million USDT. The action is part of the company’s adherence to anti-money laundering (AML) regulations.
Market liquidity and the overall USDT supply on Tron remain unaffected by the freeze. Tron’s total USDT supply continues to be reported as over 81 billion tokens.
Tether CEO Paolo Ardoino stated that the company aligns its policies with established regulatory frameworks, such as the Office of Foreign Assets Control’s (OFAC) Specially Designated Nationals (SDN) List. This alignment aims to enhance trust and compliance within the ecosystem.
Industry experts interpret this wallet freeze as reinforcing a secure and trustworthy stablecoin environment. They highlight that such actions demonstrate vigilant compliance efforts without causing disruption to the overall market.
The incident underscores Tether’s centralized capability to freeze token assets on-chain, reflecting its ongoing commitment to following regulatory requirements.