Iran uses Tether to dodge sanctions, Senate probe finds

A U.S. Senate investigation has found that Iran's government and its allies make wide use of Tether, the world's largest stablecoin, to move money and avoid international sanctions. A stablecoin is a cryptocurrency designed to keep a steady value, usually tied to the U.S. dollar. Tether is the most widely traded example. The report adds to growing concerns in Washington that digital currencies can weaken the effect of sanctions meant to pressure Iran. In other news, the U.S. has extended the start of its 50% rule under the China trade truce. The rule concerns tariffs on certain goods. Separately, the likely next chairman of the House Intelligence Committee said he plans to investigate what he called "nakedly corrupt dealings."