Iran’s central bank plans to block rial bank accounts and payment gateways belonging to some cryptocurrency exchanges, citing concerns over market manipulation related to Tether trading. In September 2026, temporary restrictions had already been imposed, capping purchases at 2,000 USDT per user per day and suspending trading between 21:00 and 09:00 Tehran time. Tether froze approximately $344 million in April 2026 and $131 million in July 2026, funds linked to wallets associated with Iran’s central bank. The United States imposed sanctions on Iranian exchanges including Nobitex in June 2026. Iranian traders find themselves caught between two pressures: the stablecoin issuer can freeze tokens and the local central bank can cut off the banking rails needed to purchase them.
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