USDT Becomes Lifeline for Iran's Sanctioned Businesses

Iranian businesses are using USDT and Bitcoin to settle foreign trade despite sanctions restrictions on banking routes.

The transactions create new targets for U.S. enforcement, which has blocked Iranian crypto exchanges, including Nobitex, Wallex, Bitpin, and Ramzinex.

Treasury Department's Office of Foreign Assets Control (OFAC) designated the exchanges for supporting Iran's financial sector or facilitating sanctioned activity.