Conduit sues Tether over alleged freeze of $2.8M in USDt

The dispute turns on whether a stablecoin issuer can freeze funds at the request of a foreign authority without a clear legal basis or notice to the holder. That question matters well beyond this one wallet: it goes to the core value proposition of tokenized dollars, where holders assume settlement is final and unilateral seizure is not routine. For anyone using USDt as operating capital, the practical risk is counterparty discretion, not price. Whether Tether's freeze policy and its cooperation with overseas investigations face more legal scrutiny is the open question.