Iran's Central Bank Received Over $500 Million in USDT Last Year to Support Its Currency

Odaily News According to research by blockchain intelligence firm Elliptic, the Central Bank of Iran received over $500 million in USDT last year. All confirmed USDT has now left wallets associated with Iran, and the report suggests the Iranian central bank used this stablecoin to support the price of the Iranian rial. Tom Robinson, co-founder and chief scientist at Elliptic, stated that leaked documents detail purchases made through an entity called Modex, which he believes may be a cryptocurrency broker willing to transact with the Iranian government. (Decrypt)