Iran’s Stablecoin Lifeline Survived the Bombs

A month before bombs fell on Iran, Reuters reported that the US Treasury was investigating whether crypto platforms had helped Iranian officials evade sanctions. When airstrikes began on February 28, that investigation got a live stress test — and the results were revealing. The war did not break Iran’s crypto infrastructure — it proved how indispensable stablecoins have become to it. Before the Strikes: A $10 Billion Shadow Economy Reuters reported in early February that Iran’s crypto transaction volumes had hit an estimated $8–10 billion in 2025, citing TRM Labs and Chainalysis source: https://beincrypto.com/irans-stablecoin-lifeline-survived-the-bombs/