How Iran’s Central Bank Acquired $507M in Tether’s USDT to Support the Rial

Iran’s central bank acquired at least $507 million in Tether’s $USDT in April and May 2025, according to Elliptic. The purchases came from Iran, the UAE, and public blockchains, using payments in Emirati dirhams. The activity involved the Central Bank of Iran and aimed to stabilize the Rial while bypassing restricted banking channels.