According to Coindesk, Iran has established a $7.8 billion parallel cryptocurrency economy, primarily supported by Bitcoin mining and stablecoins, to circumvent the U.S. dollar system. Data from blockchain analytics firm Chainalysis shows that Iran’s cryptocurrency ecosystem reached $7.78 billion in 2025, with addresses linked to the Islamic Revolutionary Guard Corps (IRGC) accounting for over 50% of cryptocurrency inflows into Iran, receiving more than $3 billion in 2025. Elliptic analysis indicates that Iran’s central bank accumulated at least $507 million in USDT in 2025, potentially to stabilize the rial and fund trade. The Iranian government mines Bitcoin at an approximate cost of $1,300 per coin and sells it at market price. Recent U.S.-Israel military strikes against Iran may threaten its power grid, potentially disrupting energy-intensive mining operations.
Iran's 2025 crypto ecosystem reaches $7.78 billion, with the IRGC controlling over 50% of inflows.
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Summary
Iran's 2025 crypto ecosystem reached $7.78 billion, fueled by Bitcoin mining and stablecoins to circumvent U.S. dollar restrictions. Chainalysis shows IRGC-linked addresses controlled over 50% of inflows, amounting to more than $3 billion in 2025. Elliptic reports the central bank accumulated at least $507 million in USDT, possibly to support the rial and finance trade. The government mines Bitcoin at $1,300 and sells it at market price. Recent U.S.-Israel strikes threaten power grid stability, potentially disrupting mining operations. ETF inflows remain a key trend, but outflows could increase if energy supply falters.
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