Tether, Tron and TRM Labs jointly froze $126M USDT in 2024 "Cryptocurrency transactions are not anonymous; they are the most traceable and trackable assets," Tether CEO Paolo Ardoino said in April. The T3 Financial Crimes Unit (FCU), spearheaded by stablecoin issuer Tether, the Tron network and TRM Labs, collectively froze $126 million in USDt since the inception of the FCU in August 2024. The FCU works with law enforcement agencies across the world to freeze illicit transactions; it monitored approximately $3 billion in USDt transaction volume in 2024.
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