Finance
Print
Tether Introduces New Policy to Strengthen Ecosystem Security

9 December 2023  – Tether, the largest company in the cryptocurrency industry, announced today its latest initiative aimed at safeguarding the cryptocurrency ecosystem. On December 1, 2023, the company made the decision to initiate a new voluntary wallet-freezing policy designed to combat activity connected with Sanctioned persons on the Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List.

As part of its continued dedication to fostering a secure and reliable environment for users worldwide, Tether is taking these further proactive steps by implementing this policy to supplement existing security protocols. Tether will now offer on the secondary market, the Sanctions controls it already enforces for wallets on its platform. This initiative is a proactive effort to work even more closely with global regulators and law enforcement agencies in safeguarding stablecoin usage.

In adherence to this policy, Tether has taken additional precautionary measures, including freezing wallets previously added to the SDN List. The primary objective behind this approach is to proactively prevent any potential misuse of Tether tokens and enhance security measures.

"This strategic decision aligns with our unwavering commitment to maintaining the highest standards of safety for our global ecosystem and expanding our close working relationship with global law enforcement and regulators" stated Paolo Ardoino, CEO of Tether. "By executing voluntary wallet address freezing of new additions to the SDN List and freezing previously added addresses, we will be able to further strengthen the positive usage of stablecoin technology and promote a safer stablecoin ecosystem for all users."

Tether remains steadfast in its mission to prioritize user security and looks forward to the positive impact this policy will bring to its growing community, raising the standard yet again for the entire industry.

latest news

Tether Has Supported Nearly $550 Million in Iran-Linked USD₮ Freezes as U.S. Expands Sanctions Campaign

Tether’s cooperation with U.S. and international authorities has supported more than 2,900 investigations globally, including over 1,600 involving U.S. law enforcement 28 September 2026 – Tether, the largest company in the digital asset industry, today reaffirmed its longstanding cooperation with U.S. and international law enforcement as the U.S. Department of the Treasury expands its campaign […]

Learn more
Tether WDK Brings Self-Custodial Finance to Africa and the GCC with Shiga

Shiga will use Tether’s open-source wallet infrastructure to launch products supporting USD₮, Bitcoin and XAU₮ for individuals and institutions 28 September 2026 – Tether, the largest company in the digital asset industry, today announced a collaboration with Shiga to launch self-custodial financial products for individuals, businesses and institutions across Africa and the GCC. Built with […]

Learn more
Tether Signs MoU with Pave Bank and GFTN to Launch Georgia–Singapore Fintech Scholars Program

24 September 2026 — Tether, the largest company in the digital asset industry, Pave Bank, a corporate and institutional bank at the intersection of digital assets and traditional finance, and the Global Finance & Technology Network (GFTN), a Singapore-headquartered not-for-profit organization, have signed a Memorandum of Understanding (MoU) to explore launching the Georgia–Singapore Fintech Scholars […]

Learn more
Read all news