Tether Freezes $515M Across Ethereum and Tron in 30 Days, Blacklisting 371 Addresses

BlockSec's USDT Freeze Tracker shows Tether blacklisted 371 addresses across Ethereum and Tron in the 30 days to May 7, 2026, locking up approximately $515 million in funds. The bulk of the action landed on Tron, where 329 addresses were frozen holding roughly $506 million — with the remaining 42 Ethereum addresses accounting for $8.73 million.

The scale of the freeze underscores Tether's growing role as a compliance enforcement layer within the stablecoin ecosystem. While freezes are a contractual feature of USDT, the concentration of activity on Tron — long associated with high-volume peer-to-peer and grey-market flows — signals continued regulatory and law-enforcement pressure on that network's user base.