Iran's Crypto Outflows Surge with Stablecoins After US-Israel Attack
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Iran Crypto Outflows Spike 700% After US-Israel Strikes, Totaling $10.3 Million
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Firstpost•05-03-2026, 10:59
Iran Crypto Outflows Spike 700% After US-Israel Strikes, Totaling $10.3 Million
•Outflows from Iranian cryptocurrency exchanges surged within hours of US and Israeli strikes on Iran.
•Chainalysis reported over $2 million in outflows in the hour after strikes; Elliptic noted a 700% spike at Nobitex, Iran's largest exchange.
•A total of $10.3 million worth of cryptocurrencies left Iranian exchanges between Saturday and Monday.
•This surge is seen as a 'pressure valve' for state-linked actors and ordinary citizens, potentially indicating capital flight or liquidity reshuffling.
•Stablecoins are crucial for Iranians to bypass sanctions, preserve value against the depreciating rial, and move capital abroad.