BlockBeats news, on January 22, blockchain intelligence company Elliptic's research indicated that the Central Bank of Iran acquired over $500 million in USDT last year. All confirmed USDT has since left wallets associated with Iran, and the report suggests that the Central Bank of Iran had used this stablecoin to support the price of the Iranian rial.
Elliptic co-founder and chief scientist Tom Robinson stated that the leaked documents detailed purchases made through an entity called Modex, which he believes may be a cryptocurrency broker willing to transact with the Iranian government.