Conduit sues Tether over alleged $2.76 million USDT freeze in September 2025

Cross-border payments platform Conduit Technology says Tether froze $2.76 million in USDt (USDT) without explanation, then refused repeated requests to release it. For high-risk PSPs, the point is not the courtroom drama; it is that a stablecoin issuer can, in practice, turn a treasury balance into a frozen balance