Tether, is this a move against the black and gray market on Sun's chain?
I just checked, and indeed, 40 minutes ago, two transactions totaling 340 million USDT were frozen. Someone's going to feel the pain.
Currently, USDT transfers on the Tron chain account for about 30-50% of the global USDT transfer volume, with a daily average of around $21-22 billion (average for Q1), and historical peaks often exceeding $20-30 billion per day.
In just 2025, Tron processed approximately $7.9 trillion in USDT transfers, making up more than 50% of the global stablecoin/USDT transfer volume.
Due to its anonymity and speed, USDT on Tron is very convenient for cross-border transactions, fast mixing, and layering, commonly used by criminal networks in Southeast Asia/China, and has become one of the primary settlement layers for money laundering, scams, gambling, and cross-border gray market transactions worldwide.
On January 11, 2026, Tether collaborated with the U.S. DOJ to freeze about $182 million on the Tron chain, and this 340 million should be the largest ever.
$TRX
I just checked, and indeed, 40 minutes ago, two transactions totaling 340 million USDT were frozen. Someone's going to feel the pain.
Currently, USDT transfers on the Tron chain account for about 30-50% of the global USDT transfer volume, with a daily average of around $21-22 billion (average for Q1), and historical peaks often exceeding $20-30 billion per day.
In just 2025, Tron processed approximately $7.9 trillion in USDT transfers, making up more than 50% of the global stablecoin/USDT transfer volume.
Due to its anonymity and speed, USDT on Tron is very convenient for cross-border transactions, fast mixing, and layering, commonly used by criminal networks in Southeast Asia/China, and has become one of the primary settlement layers for money laundering, scams, gambling, and cross-border gray market transactions worldwide.
On January 11, 2026, Tether collaborated with the U.S. DOJ to freeze about $182 million on the Tron chain, and this 340 million should be the largest ever.
$TRX