The stablecoin issuer blacklisted 329 Tron and 42 Ethereum addresses, freezing over half a billion USD in the past month.
Tether has frozen $515 million in USDT across 371 addresses on Ethereum and Tron blockchains in the last 30 days. The action targeted 329 Tron addresses holding $506 million and 42 Ethereum addresses with $8.73 million in funds.
The freeze follows Tether’s policy to comply with law enforcement requests and combat illicit activities. The volume marks a significant increase in blacklisting activity compared to prior periods, though exact historical comparisons remain undisclosed.
No immediate market reaction was reported, with USDT’s peg to the dollar remaining stable.