Iran’s central bank bought $507 million USDT to underpin rial, report finds

Finance, Iran, Central Bank of Iran, Elliptic, Stablecoins, Sanctions, News Elliptic traced more than $500 million in USDT tied to Iran’s central bank, suggesting the stablecoin was used to manage foreign-exchange pressures and build a “sanctions-proof” alternative to dollar banking. Elliptic traced more than $500 million in USDT tied to Iran’s central bank, suggesting the stablecoin was used to manage foreign-exchange pressures and build a “sanctions-proof” alternative to dollar banking. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Read More

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