s/cryptohayesIRANIAN FINANCE•1d
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84% of sanctioned Iran-linked crypto wallets used USDT
USDT has become a primary payment method in Iran as the rial loses value and sanctions tighten. The dollar-linked token is also serving as a central link between Iran and affiliated proxy networks, putting the same payment rail in the crosshairs of sanctions enforcement.
The Senate report found that 84% of 846 sanctioned Iran-linked crypto wallets used USDT for all or most transactions. Demand for dollar-linked liquidity is rising as the rial has depreciated 54% against the U.S. dollar over the past year.
The Senate report found that 84% of 846 sanctioned Iran-linked crypto wallets used USDT for all or most transactions. Demand for dollar-linked liquidity is rising as the rial has depreciated 54% against the U.S. dollar over the past year.
Timeline2
3d
A Senate report identified Tether’s USDT as a primary payment method for Iran.
2d
Additional reporting highlighted USDT’s use across sanctioned Iran-linked wallets as the rial continued to fall.
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