Iran’s Central Bank Bought $507 Million USDT to Manage Forex Pressure
Blockchain analytics firm Elliptic has reported that Iran’s Central Bank has purchased at least $507 million in Tether’s USDT stablecoin to manage forex pressure.
Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.
Blockchain analytics firm Elliptic has reported that Iran’s Central Bank has purchased at least $507 million in Tether’s USDT stablecoin to manage forex pressure.
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