Undersecretary of the U.S. Treasury, Wally Adeyemo, reveals that Russia is using Tether (USDT) to bypass sanctions and support its military operations.
Wally Adeyemo, Undersecretary of the U.S. Treasury, released an official statement saying Russia is increasingly resorting to alternative payment methods , such as the stablecoin Tether , to evade sanctions and sustain its military operations .
He noted instances like al-Qaeda’s Bitcoin use and transactions between Islamic Revolutionary Guard Corps-Quds Force and Hamas. There was also concern about Russia’s increased reliance on stablecoins such as Tether, which challenges the effectiveness of Adeyemo urged additional secondary sanctions tools within the Treasury, specifically targeting digital asset providers. He also called on Congress to pass legislation that would widen the agency’s jurisdiction to cover key players and core activities in the digital asset ecosystem. In addition, he emphasized the importance of laws addressing regulatory challenges posed by foreign crypto companies for effective oversight.
US Treasury Russia Tether USDT Sanctions Alternative Payment Methods Military Operations Illicit Finance Terrorism Sanctions Evasion
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