Xinbi Sanctions Intensify Stablecoin Compliance and Illicit-Finance Pressure

U.S. authorities sanctioned Xinbi and restrained more than $52M in crypto after Treasury said the scam marketplace processed over $24B; TRM reports an even larger estimated footprint. Tether's cooperation and sanctions against messaging and wallet providers raise compliance pressure across stablecoins, while migration to new wallets and rails remains unresolved.