The toll of Hormuz in Iran could be charged in stablecoins, not in Bitcoin: Chainalysis
Iran is demanding payments in cryptocurrencies from oil tankers transiting through the Strait of Hormuz. Hamid Hosseini, spokesperson for the Union of Exporters of Oil, Gas and Petrochemical Products of Iran, specifically mentioned Bitcoin (BTC) in a recent statement.
However, Chainalysis suggests that stablecoins could be the preferred instrument, in line with how the Islamic Revolutionary Guard Corps (IRGC) has historically moved money.
Stablecoins fit into Iran's strategy