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Iran approves Bitcoin and USDT for international trade amid US sanctions crackdown

Market News
09 Sep 2026
Blockonomi
View Source
Bearish
Iran approves Bitcoin and USDT for international trade amid US sanctions crackdown

Iran's central bank has officially authorized the use of Bitcoin and Tether's USDT stablecoin for international business transactions, aiming to bypass US sanctions. In 2025, about $10 billion in digital currency flowed through Iranian networks, with Iran controlling roughly 4.5% of global Bitcoin mining. The US Treasury has aggressively targeted Iranian crypto activities in 2026, freezing over $1 billion in assets and sanctioning major Iranian crypto platforms. This move highlights Iran's growing reliance on cryptocurrency to stabilize its economy and evade sanctions, while the US intensifies enforcement efforts.

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