The Central Bank of Iran bought 507 million dollars worth of USDT.

Purchasing USDT to Support the Iranian Dinar

The Central Bank of Iran has taken steps to support the value of the Iranian rial by purchasing 507 million dollars worth of Tether (USDT). This move aims to increase the country's foreign exchange reserves and ensure that the local currency maintains a more stable position in international markets.

Moreover, while the Iranian government struggles with economic challenges, such purchases may lead to significant changes in the markets in the upcoming period. Experts indicate that the primary goal is to reduce volatility in the exchange rates.

This operation demonstrates how commodity and digital currency strategies can be combined. Tether is one of the most preferred stablecoins in the cryptocurrency world and holds critical importance for such transactions.