Iran’s Crypto Circus: $7.8B in Tether, Sanctions, and Human Shields
Eighty-eight percent of the inflows, they say, are homegrown-a closed-loop waltz of rials and stablecoins, where the desperate and the cunning alike find refuge. For the ordinary Iranian, crypto is not a flight to freedom but a lifeboat in a sea of inflation. Yet, in this murky water, the Islamic Revolutionary Guard Corps (IRGC) may swim unseen, their institutional capital mingling with the pennies of the plebeians. A comedy of errors, where the West must now discern the drowning from the sharks.







