Iran has established a crypto parallel economy worth approximately $7.8 billion, centered around Bitcoin mining and stablecoins, used to bypass the U.S. dollar system. Blockchain analytics firm Chainalysis data shows that by 2025, Iran's crypto ecosystem will reach $7.78 billion, with addresses linked to the Islamic Revolutionary Guard Corps (IRGC) accounting for over 50% of crypto fund inflows, receiving more than $3 billion throughout the year. Elliptic points out that the Central Bank of Iran will have accumulated at least $507 million in USDT by 2025, possibly for stabilizing the rial and trade settlements. The Iranian government’s mining costs are about $1,300 per BTC, which they sell at market price. Recent military strikes by the U.S. and Israel on Iran could disrupt the power grid, potentially impacting energy-intensive mining activities. (CoinDesk)