Iran's central bank purchased about $507 million worth of Tether (USDT) in 2023 to stabilize the rial and facilitate international transactions. The acquisitions mainly took place in two large transactions in April and May, with funds primarily routed to local exchange Nobitex. Toward the end of the year, USDT was moved out of the bank's wallet through cross-chain bridge conversions.
Article
Iran's Central Bank Harnesses Tether to Support Rial and Streamline Trade Payments
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
0
0
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number