Tether Freezes $1.45M in USDT Across Four THORChain Vaults Before Reversal
Tether's temporary freeze of $1.45 million in USDT raises questions about stablecoin control and transparency.
Tether's temporary freeze of $1.45 million in USDT raises questions about stablecoin control and transparency. Tether (USDT) is trading at $0.9993. This is an original Token Times brief synthesising 2 outlets (TronWeekly, Crypto Daily), with their figures cross-checked, plus live market data, as of Mon, 12 Oct 2026 14:15:02 UTC.
The incident highlights the power Tether has over USDT circulation and the potential implications for user trust and regulatory scrutiny. It also underscores the control mechanisms available to stablecoin issuers over decentralized platforms.
- Tether froze $1.45M USDT across four THORChain vaults before unfreezing them.
- The incident raises concerns about stablecoin issuer control and transparency.
- USDT market cap remains at $184.13B despite the temporary freeze.
Both TronWeekly and Crypto Daily report that Tether froze approximately $1.45 million in USDT across four THORChain vaults before reversing the action. TronWeekly emphasizes the potential impact on stablecoin transparency, while Crypto Daily focuses on the technical aspect of the blacklisting and subsequent unfreezing of the addresses. Both outlets agree on the amount frozen and the involvement of THORChain vaults.
Tether, the company behind the largest stablecoin USDT, temporarily froze $1.45 million worth of USDT across four THORChain vaults. This action was later reversed, but it has sparked discussions about the control and transparency of stablecoin issuers.
According to multiple outlets, the freeze affected four THORChain vaults on the TRON network, which collectively held around $1.45 million in USDT. The action was taken before the addresses were eventually unfrozen, as reported by Crypto Daily and corroborated by TronWeekly.
The incident has raised questions about the extent of control that stablecoin issuers like Tether have over their tokens, even within decentralized platforms. While the freeze was temporary, it highlights the potential for such actions to impact user trust and regulatory scrutiny.
Tether's circulating supply remains substantial, with DeFiLlama reporting a total of $184.09 billion in USDT. The market cap of USDT has remained relatively stable despite the temporary freeze, with the coin's price at $0.999352, showing a slight 24-hour increase of 0.02%.
The broader crypto market has been relatively flat, with a total market cap of $2.89 trillion. 
Bitcoin has seen a modest 24-hour increase of 0.23%, and the Fear & Greed Index stands at 69, indicating a state of 'Greed' among investors.
Since this brief published about 2 days ago, Tether (USDT) has moved from $0.9994 to $0.9993 — -0.01%.
The chart plots USDT's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 USDT ≈ ₹103.92 (about $0.9993), up 0.0% over 24 hours. The rupee itself trades about 7.3% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
1 key figure independently matched across 2 outlets reporting this story.
Token Times extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · October 12, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Tether Freezes $1.45M in USDT Across Four THORChain Vaults B — questions & answers
Why did Tether freeze the USDT?
The exact reason for the freeze is unclear, but it was likely due to security concerns or suspicious activity related to the affected addresses.
How long was the USDT frozen?
The freeze was temporary, but the specific duration is not reported in the available coverage.
What impact did the freeze have on USDT's market value?
The freeze did not significantly impact USDT's market value, as it remained stable at $0.999352 with a slight 24-hour increase.
How much is 1 Tether worth in rupee today?
About ₹103.92 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.9993. The rupee price moves with both USDT's US-dollar price and the USDT/INR rate; use our Tether in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from TronWeekly, Crypto Daily, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.