They received a request to block assets on two addresses from several American regulators. The company did not specify the exact reason for the freeze. However, Tether can block addresses associated with sanction evasion, criminal networks, or other illegal activities. Tether cooperates with 340 law enforcement agencies in 65 countries. As a result, the company has helped authorities conduct 2,300 operations worldwide, including 1,200 related to the U.S. The USDT issuer has frozen $4.4 billion, including $2.1 billion associated with U.S. authorities. With a market capitalization of $189.8 billion, USDT holds 58.7% of the stablecoin market.