As reported by Bijié Wǎng, blockchain forensics firm AMLBot revealed that between 2023 and 2025, Tether froze approximately $3.3 billion in assets and blacklisted 7,268 addresses, with over 2,800 of them cooperating with U.S. law enforcement. Over 53% of the frozen USDT was on the Tron network. In contrast, Circle only froze 372 addresses and about $109 million in assets during the same period, without reissuing or burning the frozen USDC.
Tether Freezes 30 Times More Assets Than Circle in 2023-2025
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Summary
Blockchain forensics firm AMLBot reported that between 2023 and 2025, Tether froze around $3.3 billion in assets and blacklisted 7,268 addresses. Over 2,800 of these addresses worked with U.S. law enforcement. More than half of the frozen USDT was on the Tron network. Circle, by comparison, froze 372 addresses and about $109 million in assets during the same period. The firm did not reissue or burn the frozen USDC. What is notable is the stark difference in enforcement actions between the two stablecoin issuers.
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