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Techub News reports that the Central Bank of Iran purchased over $500 million worth of dollar-pegged digital assets in the past year, primarily Tether (USDT), to alleviate the currency crisis and evade U.S. sanctions.\n\nElliptic states that the USDT purchases took place in April and May 2025, with the funds initially flowing to an Iranian crypto trading platform where users can hold, trade USDT, or exchange for rials. The organization believes that the use of stablecoins is forming a "shadow financial layer" that is not constrained by traditional cross-border systems.