1. Iran’s Crypto Ecosystem Reached $7.78 Billion in 2025, IRGC Controls Over 50% of Capital Flow link

Iran has built a crypto parallel economy worth approximately $7.8 billion, centered on Bitcoin mining and stablecoins, to bypass the U.S. dollar system. According to data from blockchain analytics firm Chainalysis, Iran’s crypto ecosystem reached $7.78 billion in 2025. Addresses linked to the Islamic Revolutionary Guard Corps (IRGC) accounted for over 50% of crypto inflows, receiving more than $3 billion throughout the year. Elliptic noted that Iran’s central bank accumulated at least $507 million in USDT in 2025, likely to stabilize the rial and settle trade. The Iranian government mines Bitcoin at a cost of around $1,300 per coin…