Report: The Central Bank of Iran has purchased over $500 million in crypto assets in the past year to cope with the rial crisis.

According to a Bloomberg report, an Elliptic report indicates that the Central Bank of Iran purchased over $500 million worth of dollar-pegged digital assets in the past year to combat the currency crisis and circumvent US sanctions. The analytics firm stated that the Central Bank of Iran made two USDT purchases in April and May 2025, with the funds initially flowing to an Iranian cryptocurrency exchange where users can hold, trade, or exchange USDT for rials.