A new on-chain study published by the AMLBot team shows that Tether has frozen more than $3.29 billion in USDT across the Ethereum and Tron blockchains between 2023 and 2025, blacklisting 7,268 addresses in the process.
The findings highlighted a sharp contrast with Circle’s USDC, which froze $109 million across just 372 addresses during the same period, pointing to two very different enforcement philosophies shaping the stablecoin market.
Two Distinct Paths for Stablecoin Policing
AMLBot’s data, shared this month alongside an updated Dune dashboard, painted a clear picture of scale. USDT freezes outpaced USDC by roughly 30 times in both address count and value. Much of that difference came from Tron, where there’s $1.75 billion in USDT sitting in blacklisted wallets, reflecting the network’s heavy use in Asia, peer-to-peer markets, and cross-border settlements.
Tether’s model centers on frequent coordination with authorities. The issuer works with more than 275 law enforceme
We współpracy z: https://cryptopotato.com/report-tether-blacklists-7268-wallets-vs-circles-372/
