Irans central bank accumulated at least $507 million worth of Tether (USDT) during April and May 2025, according to blockchain analytics firm Elliptic, highlighting how the country is increasingly turning to crypto to manage economic pressure and financial isolation. Elliptic traced the activity to wallets linked with high confidence to the Central Bank of Iran, revealing a coordinated strategy to acquire dollar-pegged stablecoins while bypassing restricted banking channels.