The Central Bank of Iran received over $500 million USDT last year and used it to support the local currency exchange rate

BlockBeats News, January 22nd, research from blockchain intelligence company Elliptic has shown that the Central Bank of Iran received over $500 million in USDT last year. All the confirmed USDT has now left wallets associated with Iran, with the report suggesting that the Iranian central bank may have used the stablecoin to support the Iranian rial's price.

Elliptic co-founder and Chief Scientist Tom Robinson stated that leaked documents detailed purchases made through an entity named Modex, which he believes could be a cryptocurrency broker willing to transact with the Iranian government.