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The Central Bank of Iran received over $500 million USDT last year and used it to support the local currency exchange rate

2 hours ago

January 22 — Blockchain intelligence firm Elliptic has found Iran’s Central Bank received over $500 million in USDT last year. All confirmed USDT has since left Iran-linked wallets, with the report noting the central bank may have used the stablecoin to support the Iranian rial’s value. Elliptic co-founder and Chief Scientist Tom Robinson said leaked documents detail purchases made via an entity called Modex—one he believes could be a crypto broker willing to transact with the Iranian government.
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