Tether’s Stablecoin Spiking in “No-Go” Countries

Big moves for Tether’s USDT as data hints at rising use across some “grey zone” regions - like Russia, Iran, Kigali, Istanbul - where the stablecoin’s demand is spiking.

From Jan 1 to Oct 8, a wave of new wallets became active, showing first-time USDT activity in these hot zones.

But it’s not all green lights: Tether’s facing heat stateside, with the U.S. Treasury circling for possible sanctions and AML breaches.

Source: Mario Nawfal