Tether, a prominent stablecoin issuer, has frozen approximately $4.2 billion in USDT due to alleged illicit activities, with a significant portion, around $3.5 billion, frozen since the beginning of 2023. The company recently collaborated with the U.S. Department of Justice to freeze $61 million in funds linked to "pig butchering" scams. USDT's current circulating supply exceeds $180 billion. Tether possesses the capability to remotely freeze tokens within user wallets upon request from law enforcement agencies.

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