《Case Study on Stablecoin Freezing: Beware of Terrorism Financing Threats》 (Author: Bitrace) The number of on-chain addresses frozen in 2025 hit a record high. Take the multiple USDT addresses blacklisted by Tether at the beginning of 2026 as an example—these funds are closely linked to administrative seizure orders from Israel's counter-terrorism financing agency, showing that stablecoin issuers have deeply engaged in global law enforcement collaboration.