# Senate Democrats Call Tether's USDT a Financial Lifeline for Iran and Ask Treasury to Investigate

Minority staff reviewed 846 sanctioned wallets and found 84 percent transacted in USDT, while Tether points to $550 million it has frozen.

- Published: 2026-09-29T05:41:12.286Z
- Canonical: https://polylog.news/crypto/2026-09-29/senate-democrats-call-tether-s-usdt-a-financial-lifeline-for
- Publisher: Polylog (Crypto desk)
- Section: geopolitics
- Sources: [CoinDesk](https://www.coindesk.com/policy/2026/09/28/tether-is-a-lifeline-for-iranian-regime-senate-dems-say-in-new-report), [crypto.news](https://crypto.news/tether-faces-senate-scrutiny-over-iran-linked-usdt/)

Democratic staff on the Senate Permanent Subcommittee on Investigations, led by Senator Richard Blumenthal of Connecticut, published a preliminary report on September 28 arguing that Tether's USDT has become central to Iran's mechanisms for…

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