Iran’s Central Bank Used $507M in USDT to Bypass Sanctions, Elliptic Reports

Iran’s central bank used at least half a billion dollars in USDT to ease a currency crisis and work around sanctions-driven limits on dollar access, according to a new Elliptic report. The blockchain analytics firm reports that the Central Bank of Iran (CBI) acquired at least $507 million in USDT. Elliptic treats this as a lower estimate based on wallets confidently linked to the institution. Investigators began tracing the digital trail after leaked documents showed two USDT purchases in April and May 20 ...