Tether CEO Paolo Ardoino told CoinDesk the firm is actively defending itself against Senate accusations that its USDT stablecoin has been used to support financial activity in Iran.
Ardoino argued that the congressional inquiry overlooks data showing a reduction in transaction volumes tied to Iran, which he attributes to Tether's own compliance and monitoring efforts.
The statement comes as USDT trades at $0.999209, essentially unchanged over the past 24 hours, indicating that the market has not priced in any immediate impact from the political scrutiny.
If the Senate investigation were to uncover substantive evidence, it could pressure regulators to impose tighter oversight on stablecoin issuers, potentially affecting liquidity and cross‑border usage of USDT.
Market participants may watch for any official response from the Senate committee or further disclosures from Tether regarding its Iran‑related transaction monitoring as the next catalyst.
This story was compiled by the Tradexus News Desk with the help of AI.
