Iran's Sanctions Economy: Frozen Stablecoins, Oil Flows, and the Capital-Flight Rails

On July 14, the U.S. Treasury's Office of Foreign Assets Control designated four wallets belonging to the Central Bank of Iran and added them to the Specially Designated Nationals list. Tether froze the USDT held in those addresses within hours. The amount: $131 million. That freeze brought the total Tether balance sanctioned in connection with Iran since April to approximately $475 million, according to Chainalysis wallet analysis published the same week. Key takeaways OFAC designated four Central Bank of Iran wallets on July 14; Tether froze $131M in USDT within hours, bringing the total frozen since April to approximately $475M per Chainalysis data. Stablecoin freeze authority flows from…
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