Tether details $4.2B in frozen USDT and Tron’s dominant share as of 28 February 2026

On 28 February 2026, Tether disclosed that it has frozen a total of $4.2 billion in USDT tied to illicit activity since the stablecoin’s inception, with roughly $3.5 billion of that occurring between 2023 and early 2026. The frozen amount represents about 2.3% of USDT’s roughly $180 billion circulating supply, with more than half of the blocked tokens on the Tron network, while analysts note the peg and liquidity remain stable.