Treasury Secretary Bessent just confirmed the $344 million Tether freeze was an OFAC action targeting wallets tied to the Iranian regime.
Gulf nations are opening up Iranian bank accounts as Tehran tries to surge assets out of the country.
Bessent: "We will follow the money that Tehran is desperately attempting to move outside of the country and target all financial lifelines tied to the regime."
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Should have used Bitcoin Iran
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Damn! They’re moving quick to make every other country realize that stablecoins are useless and just a US tool to control.
It seems so ridiculous that Bitcoin isn’t being adopted by other countries already.
Its so fucking obvious the world need a neutral monetary system.
Stable Coins = CBDC, it’s that simple