Iran has implemented extensive internet restrictions amid nationwide protests, significantly disrupting communication and financial systems. As a result, the demand for alternative communication methods and financial tools has surged. Satellite internet services like Starlink have been used to restore limited connectivity, while cryptocurrencies, particularly USDT, have become vital for daily transactions and military applications.
The Iranian rial has plummeted to historic lows against the US dollar, exacerbating the country's currency crisis. In response, many Iranians have turned to USDT for inflation hedging and cross-border transactions. Despite regulatory efforts to limit stablecoin holdings, USDT remains a crucial asset for civilians and sanctioned entities alike, highlighting its role as a financial lifeline in times of crisis.
USDT Emerges as Key Currency in Iran Amid Internet Shutdown
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