Tether Implements New Stablecoin-Freezing Policy After Seizing Funds Tied to OFAC Sanctioned Entities
December 11, 2023
Tether, a leading stablecoin company in the crypto industry, has announced a significant new initiative aimed at strengthening the security of the crypto asset ecosystem. The company announced this weekend that its recent move to voluntarily tether freezing wallets linked to the Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List marks a proactive step towards…
