State-Level: The IRGC and state entities favor USDT (Tether) on the Tron network to move an estimated $3 billion annually for proxy financing and arms procurement.
Civilian-Level: As the Iranian rial collapsed and inflation soared above 50%, ordinary citizens triggered a 700% spike in exchange outflows. Roughly 60% of these funds moved into self-custody wallets, with civilians favoring Bitcoin over stablecoins to protect their life savings from government seizure or bank failures.
The Outlook for 2026
The crypto market currently hovers around a $2.5 trillion valuation, held in a delicate balance. Analysts suggest that for Bitcoin to break toward the $90,000 mark, the market requires a sustained drop in oil prices (currently near $120/barrel) and a formal ceasefire.
Until then, the Iran conflict has proven that in the age of digital warfare, the blockchain is as much a part of the battlefield as the Strait itself.