Tether Freezes $28.67M USDT on Tron Chain: Regulatory Move Reflects Compliance Focus

Tether has taken a significant step in compliance with regulatory requests by freezing approximately $28.67 million in USDT across twelve addresses located on the Tron blockchain. This action follows Tether’s established protocol for addressing law enforcement requests, aiming to avoid market disruptions. While no major price fluctuations were observed, some community members raised concerns about centralized coin control. However, the USDT peg remained stable and traded near its fixed value of $1, showcasing effective price stability mechanisms.