Iranian rial crash + escalating protests, Middle Eastern funds may accelerate into stablecoins???

Rising prices, currency devaluation, nationwide protests — this script is all too familiar.

During the 2019 Iranian protests, on-chain data showed a sharp increase in stablecoin issuance by Middle Eastern IPs.

This time it's even more intense: the government openly admitted economic difficulties after the '12-day war,' and both military and police are issuing warnings.

If the rial continues to collapse, Iranians will vote with their feet: switch to USDT.