Tether Blacklists Multiple Addresses Holding $21.2M USDT

Tether blacklists another batch of wallet addresses holding over $20 million in USDT.

Tether Lady looking at the city with hundreds of USDT's.
Created by Kornelija Poderskytė from DailyCoin
  • Tether has banned a new batch of addresses.
  • The addresses held millions of dollars in digital assets.
  • The move comes after the company vowed to combat the illicit use of digital assets.

In a move likely to fight illicit use of digital assets, USDT issuer Tether has blacklisted multiple wallet addresses holding a total sum of millions of dollars.

Historically, stablecoin issuers have banned suspicious addresses for various reasons, including connection to criminal activities, law enforcement requests, and precautionary measures against potential scams.

Tether Bans a New Batch of Addresses

According to a March 5 X (Twitter) post by blockchain security firm PeckShield, Tether has blacklisted four addresses, cumulatively holding $21.2 million in USDT. The largest address held 20.1 million USDT followed by two with a balance of $500,000 USDT each. The last one had a balance of 217,000 USDT.


While Tether has yet to disclose the specific reasons for today’s blacklisting, leaving speculations regarding whether the banned addresses were involved in illicit activities or sanctions violations, the move reflects the issuer’s public vow to stop the criminal use of its stablecoins.

In a January 15 statement challenging a UN report highlighting USDT’s involvement in illicit activity, Tether noted that it had taken various measures to make the stablecoin an “impractical choice” for crime, including developing a tool for monitoring secondary markets and freezing over $300 million “within the last few months.”

The issuer echoed similar sentiments in a December letter addressed to the U.S. House Financial Services Committee and the U.S. Senate Committee on Banking, Housing, and Urban Affairs, emphasizing its stringent KYC procedures and regulatory compliance against potential illicit use of USDT.


Tether has banned 1,281 addresses holding a total of 955,003,830 USDT, according to Dune data.

Read about USDT’s growing market capitalization:

USDT Hits $100B Market Cap as Stablecoins Match Market Rally

Stay updated on Tether’s recent funding initiative:

Tether Leads Oobit in $25M Series A Funding Round

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Brian Danga

Brian Danga, a Kenyan crypto reporter, is dedicated to delivering breaking news and updates from the cryptocurrency world. With a background as a Web3 writer and project manager, he recognizes the importance of unbiased reporting. Holding an LLB degree from the University of Nairobi, Brian's analytical skills contribute to his accurate news reporting. His personal interests include cooking, watching documentaries, reading, and engaging in intellectual discussions.