Iran’s Central Bank Bought $500 Million in USDT Stablecoin to Prop Up Rial

Iran’s Central Bank secretly purchased more than $500 million worth of Tether’s USDT stablecoin as the country’s currency crisis deepened, according to new findings from crypto security firm Elliptic. The transactions point to a state-level effort to stabilize the collapsing rial and maintain trade flows while bypassing the global banking system. Iran’s Rial Crisis Explained Elliptic said it identified a network of crypto wallets controlled by the Central Bank of Iran (CBI) that accumulated at least $507 million in USDT during 2025. The figure represents a lower bound, as the analysis only includes wallets attributed with high confidence source: https://beincrypto.com/iran-bought-tether-usdt-to-prop-up-economy/