Tether blacklists wallet linked to $120M USDT laundering as Monero spikes on suspicious buy orders

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Monero surged roughly 30% to an intraday high of $438 on Thursday after blockchain investigator ZachXBT traced a $120 million USDT movement that included large purchases of the privacy coin, with Tether subsequently freezing $72 million in connected funds.

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Sending USDT cheaply in 2026 compared: gasless wallets, Tron energy renting, and Layer 2 networks. Real costs, setup tradeoffs, and which method fits your situation.

Stablecoin market cap reaches $320B while CEX stablecoin volumes fall to $883B. Data shows liquidity concentrating in USDT and USDC amid shifting market structure.

ZachXBT traced 120.2M USDT flows tied to XMR’s spike, while Tether froze 72.03M USDT and Monero traded near $357.