The Iran would use USDT to finance its war economy
Recent reports claimed that Iran was demanding Bitcoin payments for crossing the Strait of Hormuz. Although no on-chain movement appears to have been made, this shows that cryptocurrencies have entered the geopolitical game.
This week, a report from the analytics firm Chainalysis focuses on another asset: Tether’s USDT. The $344 million recently frozen by the US Treasury Department’s OFAC agency is reportedly linked to Iran.
Source: Chainalysis
