Report: Iran's Central Bank Purchases Over $500 Million in Crypto Assets in the Past Year to Address Rial Crisis

CoinVoice has learned that, according to Bloomberg, Elliptic reports that the Central Bank of Iran has purchased over 500 million USD worth of dollar-pegged digital assets in the past year to address the currency crisis and evade US sanctions. The analytics firm stated that the Central Bank of Iran made two USDT purchases in April and May 2025, initially transferring funds to an Iranian crypto exchange where users can hold, trade USDT, or exchange it for rials. The report pointed out that due to restrictions on oil exports, inability to repatriate export income, and exclusion from the SWIFT system, Iran’s foreign exchange reserves continue to decline, impairing the central bank’s ability to defend the rial’s value and control inflation. Using stablecoins helps Iran establish an “anti-sanction” banking mechanism and create a “shadow financial layer” capable of holding dollar value without US regulatory oversight. Previously, the latest information indicated that Chainalysis reported Iran’s cryptocurrency ecosystem grew to approximately $7.78 billion in 2025.