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The Central Bank of Iran received over $500 million USDT last year and used it to support the local currency exchange rate.
GateNews
BlockBeats News, January 22 — Research from blockchain intelligence firm Elliptic shows that the Central Bank of Iran received over 500 million USD in USDT last year. All confirmed USDT has now left wallets associated with Iran, and the report suggests that the Iranian central bank used this stablecoin to support the price of the Iranian rial.
Elliptic co-founder and chief scientist Tom Robinson stated that the leaked documents detailed purchases made through an entity called Modex, which he believes may be a cryptocurrency broker willing to conduct transactions with the Iranian government.
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ABigHeart
· 01-22 00:02
Blockchain intelligence company Elliptic's research shows that the Central Bank of Iran received over $500 million worth of USDT last year and has transferred it out to wallets associated with Iran, possibly to support the Rial's price. Analysts believe Modex is a cryptocurrency broker conducting transactions with the Iranian government.