How Tether’s $45 million crackdown drove Southeast Asian scam compounds into an ‘unfreezable’ decentralized stablecoin

MonitoringPolicyRegulatory actionFirst tracked 2026-09-09Last changed 2026-09-09

Current outcome

Tether froze over $45 million in USDT across Xinbi-linked wallets, prompting the sanctioned marketplace to move to the decentralized stablecoin USDD, which lacks address-level blacklisting.

Progress timeline

1 material updates

#0109.09
Initial2026-09-09 17:20 · publication time
How Tether’s $45 million crackdown drove Southeast Asian scam compounds into an ‘unfreezable’ decentralized stablecoin
Tether froze over $45 million in USDT across Xinbi-linked wallets, prompting the sanctioned marketplace to move to the decentralized stablecoin USDD, which lacks address-level blacklisting.
Source evidence: CryptoSlate

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