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Turkey Targets Illegal Betting Networks
Turkish prosecutors seized €460 million in assets tied to an alleged online betting and laundering network.
Authorities asked Tether to freeze linked crypto funds as part of a wider national crackdown.
The action blocked more than half a billion dollars worth of USDT connected to suspicious activity.
Officials said the investigation forms part of a broader effort targeting underground gambling and hidden payment channels.
How Tether Worked With Law Enforcement
Tether confirmed it reviewed evidence shared by Turkish officials before freezing the wallets.
The company said it follows local laws when cooperating with global investigations and financial probes.
Executives noted that similar cooperation occurs with agencies across many countries and major legal jurisdictions.
Turkey has already seized over one billion dollars in related investigations targeting illegal betting and laundering systems.
Stablecoin Blacklists and Global Enforcement
Blockchain analytics firms estimate stablecoin issuers have blacklisted around 5,700 wallets by late 2025.
Most frozen addresses contained USDT, highlighting its wide use across trading and payment ecosystems.
Tether says it has helped authorities in more than 1,800 cases worldwide, freezing $3.4 billion in tokens.
Despite cooperation, regulators and researchers continue to link some stablecoin activity to crime and sanctions evasion.
USDT Growth Despite Scrutiny
Tether’s USDT reached a market cap near $187 billion during late 2025 market turbulence.
Monthly active wallets climbed close to 25 million users, dominating stablecoin adoption across blockchains.
Quarterly transfer volume hit $4.4 trillion across billions of transactions, setting new onchain records.
While rival stablecoins struggled to grow, USDT expanded its presence across trading, payments, and liquidity markets.
Footing — Quick Explanations
Stablecoin: A cryptocurrency designed to track the price of a traditional currency like the US dollar.
Blacklist: A list of wallets blocked from moving funds due to suspected illegal activity.
Onchain: Transactions that occur directly on a blockchain network and remain publicly recorded.
