Thread - Nostr Hypermedia

This is what I have gathered on Iran stablecoin use: 1. Central bank of Iran has used stablecoins to avoid sanctions since 2024. ✅️ 2. IRGC has had USDT since 2025. ✅️ 3. USDT and USC wallets have been blocked due to Chainanalysis tying them to Iran ✅️ 4. Houthis were using stablecoins in 2025 ✅️ 5. Rumours of Hormuz toll booth accepting USDT ❓️ - unverified so far

Replies (5)

Flix flix@primal.net 1 week ago

This Reuters piece is from Feb 2026. It makes a lot of sense considering how the IRR evaporated. Many iranians were forced to look for solutions. Stablecoins were the easy (and wrong) path. https://www.reuters.com/business/finance/irans-surging-crypto-activity-draws-us-scrutiny-2026-02-03/

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Hazey hazey@iris.to 1 week ago

How cool would it be if they switched to bitcoin

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Flix flix@primal.net 1 week ago

This is from April 2025. Houthis using crypto to pay for russian weapons.

MoneyCheck

Inside the $900 Million Crypto Network Funding Yemen's Houthi Fighters - MoneyCheck

Yemen sees rising crypto adoption as both civilians and Houthi militants use digital assets to bypass sanctions in the war-torn nation.

npub1ah3a...l76e 1 week ago

Stables.rip It will be a short love affair.

npub1ah3a...l76e 1 week ago

Jumping to the next short love affair? Without mathematically guaranteed fungibility this is just another choke point, albeit a less enforceable one. Monero with market depth is the solution.

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