$2 Million Per Vessel: Inside Iran’s Massive USDT Toll Operation in the Strait of Hormuz

Reports indicate that some of the payments could have been made in stablecoins, particularly Tether’s USDT, the largest stablecoin by market capitalization. The U.S. OFAC has warned that maritime companies executing such payments might be affected by upcoming sanctions. Iran Claims Hormuz Toll Booth Yields up to $2 Million Per Ship, Some Payments Made Using […]...