Iran’s Hormuz Toll Could be In Stablecoins, Not Bitcoin
BeInCrypto
While Iran has mentioned Bitcoin for transit tolls, experts believe dollar-pegged stablecoins are more likely due to their price stability and liquidity.Summary
Although Iranian officials have cited Bitcoin regarding tolls for tankers in the Strait of Hormuz, analysts at Chainalysis argue that the Islamic Revolutionary Guard Corps (IRGC) will likely favor stablecoins. Unlike the volatile nature of Bitcoin, dollar-pegged stablecoins offer the price stability and liquidity necessary for large-scale, commerce-oriented revenue collection. Historically, the IRGC has utilized stablecoins for illicit activities, while Bitcoin has primarily been linked to malicious cyber operations. While stablecoins present a risk of asset freezing by issuers, their efficiency makes them the more practical tool for generating significant revenue from the oil trade.
(Source：BeInCrypto)