Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    image 11
    CryptoMarketNewsSponsored Article

    3 Top Cryptos in August 2025 Expected to Outperform Markets with Q3’s Highest ROI Potential – Act Fast

    Are market conditions about to shift in favor of high-velocity tokens? Traders…

    By
    Benedikt Krüger
    August 1, 2025
    image 917
    NewsCryptoMarketSponsored Article
    Build Wealth While You Rest: 8 High ROI Tokens in 2025 Offering Elite Rewards
    August 1, 2025
    Bitcoin Now Counts as National Wealth: IMF and UN Just Changed the Rules
    BitcoinCryptoMarketNews
    Bitcoin Now Counts as National Wealth: IMF and UN Just Changed the Rules
    August 1, 2025
    Coinbase Crashes 8% as Q2 Revenue Disappoints: What Went Wrong?
    NewsCoinbaseCrypto
    Coinbase Crashes 8% as Q2 Revenue Disappoints: What Went Wrong?
    August 1, 2025
    image 913
    NewsCryptoMarketSponsored Article
    As Fartcoin Dips and Dogs Rallies, One Project Commands Attention as the New Meme Coin to Watch
    August 1, 2025
  • Cryptocurrency
    image 11
    3 Top Cryptos in August 2025 Expected to Outperform Markets with Q3’s Highest ROI Potential – Act Fast
    6 Min Read
    image 917
    Build Wealth While You Rest: 8 High ROI Tokens in 2025 Offering Elite Rewards
    12 Min Read
    Bitcoin Now Counts as National Wealth: IMF and UN Just Changed the Rules
    Bitcoin Now Counts as National Wealth: IMF and UN Just Changed the Rules
    5 Min Read
    Coinbase Crashes 8% as Q2 Revenue Disappoints: What Went Wrong?
    Coinbase Crashes 8% as Q2 Revenue Disappoints: What Went Wrong?
    7 Min Read
    image 913
    As Fartcoin Dips and Dogs Rallies, One Project Commands Attention as the New Meme Coin to Watch
    6 Min Read
    U.S. Confirms Strategic Bitcoin Reserve with 198K BTC as Price Dips Toward $110K
    U.S. Confirms Strategic Bitcoin Reserve with 198K BTC as Price Dips Toward $110K
    6 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Sanctions Backfire: USDT Gaining Popularity in Restricted Regions
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > Sanctions Backfire: USDT Gaining Popularity in Restricted Regions
News

Sanctions Backfire: USDT Gaining Popularity in Restricted Regions

stablecoin being used despite sanctions featuring the USDT Tether logo prominently. Visual elements include a padlock or c
Ezeudo Nwosu
Last updated: November 4, 2024 10:34 am
By
Ezeudo Nwosu
Published November 4, 2024
2 Min Read
Share

The world’s largest stablecoin, USDT, is seeing increasing usage in regions facing international sanctions. According to a Bloomberg report based on Chainalysis data, USDT adoption is on the rise across major cities in Eastern Europe, the Middle East, and Africa, including countries under sanctions such as Russia and Iran.

Contents
Surge in USDT Usage PatternsTether Responds to Allegations

Surge in USDT Usage Patterns

Between January 1 and October 8 of this year, digital wallets containing USDT saw a noticeable uptick in activity. Cities like Moscow, Tehran, Kigali, and Istanbul reported higher usage, particularly during late morning and early afternoon hours. This trend hints at the possibility of USDT becoming more widely adopted in these regions.

However, crypto analysis firms caution that this increase in USDT usage may not necessarily be driven solely by sanctions. A spokesperson pointed out that crypto wallets can be used worldwide at any time, so it’s not accurate to attribute this entirely to sanctions.

Sanctions Backfire USDT Gaining Popularity featuring the USDT Tether logo prominently with digital world maps highlighting re

Tether Responds to Allegations

Tether CEO Paolo Ardoino addressed the situation, stating, “At Tether, we regularly cooperate with law enforcement to prevent misuse of USDT. If there were an investigation as claimed in the article, we would have been contacted, so we confirm these allegations are unfounded.” Ardoino emphasized Tether’s ongoing commitment to transparency and compliance.

This response follows reports that U.S. regulators are allegedly investigating Tether for potential violations of anti-money laundering and sanction laws, possibly considering sanctions against Tether due to USDT’s growing use among sanctioned entities.

The rise in USDT usage in these regions has garnered attention from market analysts, who are evaluating the potential impact on the crypto market. While there are indications of increased usage in sanctioned countries, it remains uncertain if this represents a definitive adoption trend. Future developments may influence the actions of both regulatory bodies and users.

USDT, stablecoin, Tether, sanctions, crypto market

Advertising

For advertising inquiries, please email . [email protected] or Telegram

DeepSeek Disruption: Is the Crypto Market Facing a Second Dot-Com Bubble?

Binance Announces New Trading Pair for This Altcoin! Trading Begins on October 17th!

Bitcoin, Ethereum Help Crypto Adoption Grow by 6.4% in 1H2024

Soft CPI, Strong BTC: How The Road to $200K Is Wide Open

Hoskinson BitBoy Fight: Crypto World in Uproar Over Challenge, Cardano Founder Reacts

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByEzeudo Nwosu
Ezeudo Nwosu is a blockchain and cryptocurrency professional with over 8 years of experience in the industry. With a background in software engineering, Ezeudo has been at the forefront of developing innovative blockchain solutions that address key challenges in various sectors. His work includes leading blockchain integration projects and advising on the creation of decentralized applications (dApps). Ezeudo is recognized for his deep technical knowledge and his ability to translate complex blockchain concepts into practical applications. At DT NEWS, he offers expert insights into the latest developments in blockchain technology and cryptocurrencies, helping readers stay informed about the future of digital finance.
Previous Article Post Election Predictions by Top Analysts featuring symbols of Bitcoin and financial charts showing volatility and potential gro Bitcoin Poised to Break Key Level Post-U.S. Election, Says Top Analyst
Next Article Fintechs Role in Election Polling with icons for PayPal Coinbase and Cash App alongside election symbols like a ballot Fintech’s Role in Election Polling? PayPal, Coinbase, and Cash App Could Offer Data Collection Solutions
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English
  • Português (Portuguese)