ARBTether Freezes $344M USDT With OFAC — Legal Challenge Threatens Stablecoin Censorship Framework
Tether froze $344M USDT with OFAC on April 23 — a potential legal challenge to this freeze authority is the real tail risk for leveraged traders, as any USDT de-peg would mechanically erode USDT-margined collateral across all perp markets.