Central Bank of Iran (CBI) $507 million of Tether's USDT to underpin rial, report finds

Central Bank of Iran (CBI) $507 million of Tether's USDT to underpin rial, report finds

Elliptic’s analysis links the CBI to USDT accumulation and outlines how the funds moved across after the Nobitex hack.

Iranian Officials Funnel Money to Dubai Via Crypto

Nothing causes capital to flee offshore faster than an incoming war. US Treasury Secretary Scott Bessent warned that Iranian officials are rapidly moving capital out of Iran ahead of US intervention. “As Treasury who carries out the sanctions we can see is we are now seeing the rats fleeing the ship because we can see millions, tens of millions of dollars being wired out of the country, snuck out of the country by the Iranian leadership,” Bessen…

US Treasury Secretary admits sanctions seek to destabilize Iran’s economy, fuel unrest

US Treasury Secretary Scott Bessent openly acknowledges the role of US sanctions in destabilizing Iran’s economy and fueling public unrest.

Iran Buys $507M in Tether to Defend Rial, Says Elliptic

Blockchain analytics firm Elliptic has reported that the Central Bank of Iran (CBI) purchased about $507 million worth of Tether’s USDT USDT.

Iran‘s Central Bank Acquired $507M in USDt to Prop up Rial: Elliptic

The Central Bank of Iran reportedly stockpiled more than half a billion dollars worth of USDt amid escalating protests and crypto usage in the country. Blockchain analytics platform Elliptic reported that the Central Bank of Iran (CBI) acquired more than half a billion dollars worth of Tether’s USDt, with indications that the stablecoins were used...