A recent report indicates that Iran's central bank acquired over $500 million in USDT. According to the report, the stablecoin was reportedly used to manage foreign-exchange pressures. The report suggests the move was also intended to establish a "sanctions-proof" alternative to traditional dollar banking. Elliptic reportedly traced the USDT to Iran's central bank, highlighting the country's efforts to navigate international financial restrictions.

A recent report indicates that Iran's central bank acquired over $500 million in USDT. According to the report, the stablecoin was reportedly used to manage foreign-exchange pressures. The report suggests the move was also intended to establish a "sanctions-proof" alternative to traditional dollar banking. Elliptic reportedly traced the USDT to Iran's central bank, highlighting the country's efforts to navigate international financial restrictions.