MartyParty and others claim Iran-linked actors are using stablecoins for Strait of Hormuz transit and oil settlement, framing stablecoins as a sanctions-bypass rail and part of a broader petrodollar bypass via gold and yuan.
Iran demands payment to cross Strait to settle in Chinese yuan or stablecoins (cryptocurrencies pegged to fiat currencies like the USD).
Iran's (IRGC) is reportedly using the digital stablecoin USDT on the Tron blockchain to fund military operations against the U.S. without touching the American banking system.
This is the game currently being played by US sanctioned countries to acquire the oil they need: Sell USD and Buy Gold Sell Gold to China for Yuan Sell Yuan to Iran for Oil
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