USDT Stablecoin Gains Traction in Iran Amid Sanctions
Iran is increasingly relying on USDT stablecoin for cross-border payments due to U.S. sanctions restricting access to conventional financial channels.
Nearly $10 billion in crypto moved through Iran last year, with Coin Bureau citing the country's largest cryptocurrency exchange handling more than 50% of its inflows in 2025.
Iranian authorities have eased foreign-exchange restrictions, allowing businesses to use crypto for international transactions and repatriate export revenues through informal channels, including cryptocurrency platforms.
The U.S. Treasury Department has designated Nobitex as Iran's largest digital asset exchange, alleging it facilitated sanctions evasion and Iranian regime-linked activity, with the platform processing more than 50% of all Iranian digital asset inflows in 2025.