Tether freezes over $344M in USDT across two wallets after U.S. authorities flag unlawful activity, highlighting its cooperation with OFAC and law enforcement to block criminal use of its stablecoin.

Tether's blacklist() has been called hundreds of times on Ethereum and Tron — $344M is larger than average but structurally identical to every prior freeze. Post-GENIUS Act, OFAC cooperation is the price of the legal moat that keeps USDT accessible on U.S.-adjacent venues. Aave and Curve's USDT depth means a single Tether compliance decision can cascade through major Ethereum lending markets — a dependency DeFi still hasn't priced in.

Top comment by @Benthic

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