In the context of the escalation of the situation in the Middle East, Iran's cryptocurrency system has demonstrated the key role of stablecoins. Even amid internet disruptions and a sudden drop in transaction volume, USDT remains an important channel for value transfer. It is estimated that by 2025, the cryptocurrency transaction volume in Iran could reach between $8 billion and $10 billion, with an associated flow of funds linked to the Islamic Revolutionary Guard Corps. Although transactions are restricted, the overall system has not collapsed, reflecting the dual properties of stablecoins in cross-border payments and sanctions evasion.


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