Update
Stablecoin Issuers Freeze Billions Amid Crypto Investigations
Stablecoin issuers such as Tether, Circle, and Paxos have frozen billions of USDT and USDC across various wallets and blockchains in response to crypto investigations. Tether has frozen over 7 billion USDT, including 1.6 billion USDT across 3,590 wallets, while Circle and Paxos have frozen nearly $7 million linked to a Mercado Bitcoin incident involving USDC and gold tokens. Tether has also frozen more than 4.5 million USDT linked to a security incident at Brazilian exchange Mercado Bitcoin.