Iran Uses Crypto to Evade Sanctions, Fund Hezbollah, Report Says
Iran has been extensively utilizing cryptocurrency, specifically Tether's USDT stablecoin, to circumvent international sanctions and finance its regional proxy organizations, including Hezbollah, according to a new report by The Wall Street Journal. The report, expected to be released by Senate Democrats, details how the stablecoin has become a primary payment method for the Iranian regime.
This revelation comes amid an intensifying U.S. pressure campaign against Tehran. In recent weeks, Iranian airlines have been cut off from key regional flight routes, and the country's leading commercial bank has been blocked from critical financial transactions in hubs like the UAE and Turkey.
As part of these economic containment efforts, a senior U.S. Treasury official recently visited Europe and Middle Eastern countries. During these visits, the official emphasized to Iran's trading partners that they must choose between maintaining economic ties with Tehran or continuing their business relationships with Washington.
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