#IranSuccession $GOOGLon
@Mira - Trust Layer of AI The cryptocurrency ecosystem of Iran, one of the largest in the world, contracted abruptly following the start of coordinated attacks by the United States and Israel on February 28. The Iranian central bank ordered major exchange platforms to temporarily suspend trading of the USDT-toman pair. USDT, issued by the company Tether, is a stablecoin: a cryptocurrency whose value is linked to the US dollar, making it a safe haven against unstable currencies and a common tool for international trade, even for governments seeking to operate outside the traditional financial system. In Iran, where the rial has lost more than 96% of its value and the banking system is isolated from international networks, this pair serves as the main bridge between digital dollars and the local currency.
The measure, combined with an internet blackout that reduced the country's connectivity to just 4% of its usual levels according to the monitoring organization NetBlocks, paralyzed the Iranian crypto market.
A report from the blockchain intelligence firm TRM Labs, published while military operations continue, reveals that the market shows no signs of massive capital flight, but rather a pattern of widespread contraction consistent with severe infrastructure restrictions and regulatory containment measures. Nobitex, the largest cryptocurrency platform in the country, recorded an increase of about three million dollars in flows on February 28 compared to the previous day, but the figure is misleading: TRM analysts attribute it to internal fund movements between hot wallets—connected to the internet for real-time operations—and cold wallets—disconnected, used as secure reserves—not to trading activity. In other words, the exchange was not operating more, but securing its reserves.