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cryptoJun 22, 2026, 2:42 PM

Tether Blacklisted 2362 Addresses, Blocked $1.64B in Six Months

USDT issuer Tether has added 2,362 addresses to its blacklist over the past six months, freezing $1.64 billion in tokens across Ethereum and TRON networks. The move highlights the centralized control even on non-custodial wallets.

USDT

With a market capitalization of approximately $186 billion, USDT has become a digital dollar for millions worldwide. However, its issuer, Tether, retains the ability to freeze funds on any address at any time—and has been actively using that power.

Over the past six months alone, Tether blacklisted 2,362 addresses on Ethereum and TRON, blocking a total of $1.64 billion. While such actions typically target hackers and scammers, the mere possibility of freezing means that even holders using non-custodial wallets do not have full control over their tokens.

The mechanism raises concerns about the risks of holding stablecoins versus Bitcoin, as ordinary users can sometimes be caught in the freeze net. This analysis was produced in collaboration with the Bitcoin mixer Mixer.Money.

Source: ForkLog