Tether's USDT, the leading stablecoin, has recently undertaken a freeze of over $180 million in assets. This action comes amidst ongoing discussions about the prominent role stablecoins play in illicit financial flows within the broader cryptocurrency ecosystem.

Despite the negative connotations associated with such activities, the article notes that USDT's market dominance remains robust. It currently commands approximately 60% of the global stablecoin market, underscoring its significant footprint in the digital asset space even as regulatory scrutiny on illicit finance intensifies.