Iran's Central Bank has reportedly acquired more than $500 million in cryptocurrency assets over the past year to mitigate the ongoing currency crisis.Iran's Central Bank has reportedly acquired more than $500 million in cryptocurrency assets over the past year to mitigate the ongoing currency crisis.

Iran’s Central Bank Spends $500M on Crypto Amid Rial Crisis

Iran's Crypto Acquisition amid Currency Crisis
Key Points:
  • Iran buys $500 million crypto amid currency crisis.
  • Central Bank used Emirati Dirhams for transactions.
  • Tether blacklisted wallets linked to the bank.

The Central Bank of Iran purchased over $500 million in USDT to address the rial crisis, yet no official confirmations exist from involved parties. Nobitex and a TRON-to-Ethereum bridge facilitated transactions, despite a mid-2025 hack and wallet blacklisting.

Nut Graph: The acquisition reflects Iran’s move to stabilize its economy using cryptocurrency. This action shows its effort to combat economic pressures and disruptions in the international financial system.

The Central Bank of Iran has allegedly purchased over $507 million in USDT, transferring funds initially through Nobitex, Iran’s largest crypto exchange. Leaked documents indicated that payments were made in Emirati Dirhams.

Tether subsequently blacklisted several Central Bank wallets, freezing 37 million USDT in June 2025. These actions highlight the complexity and risks associated with using cryptocurrencies for national financial operations.

Iran’s crypto acquisition aimed to provide liquidity support and facilitate trade settlements. Economic experts believe this tactic helps to maintain the national currency’s value amid external pressures.

Potential impacts include the continued use of synthetic dollars for trade and economic stability. The strategy enables transactions circumventing global financial sanctions, though it raises concerns about potential unregulated market activities.

The situation in Iran signifies a possible shift in financial strategies, incorporating cryptocurrencies as a tool to counteract sanctions. As the situation unfolds, the effect on global financial networks remains to be fully seen, with Tether’s action drawing attention to regulatory challenges in crypto spaces.

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