Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 30+ AI models, with 0% extra fees
Treasury Secretary Scott Bessent said the U.S. government has frozen $344 million in cryptocurrencies linked to Iran, representing one of the largest enforcement actions involving cryptocurrencies and sanctions evasion.
What the report says
The frozen funds were held in USDT, a stablecoin issued by Tether. The company confirmed its support for freezing the funds in coordination with the Office of Foreign Assets Control (OFAC) and U.S. law enforcement agencies.
Secretary of State Bessent announced this action as part of broader efforts to block illicit cryptocurrency flows associated with sanctioned countries. The $344 million freeze amount is one of the most significant stablecoin enforcement actions to date.
The United States froze $344 million in USDT that is alleged to be linked to Iran.
Tether worked with the Office of Foreign Assets Control (OFAC) and law enforcement agencies to carry out the freeze.
This action points to increased U.S. scrutiny of cross-border stablecoin flows.
Unlike decentralized tokens, centralized stablecoins such as USDT can be frozen at the issuer level. This gives authorities a direct mechanism to block funds even after they have been transferred to the blockchain—a benefit that proved crucial in this case.