Stablecoins are becoming a new tool for circumventing international sanctions. Sanctioned countries like Russia and Iran are increasingly relying on these assets for cross-border transactions.
Data has updated people's understanding: the volume of cryptocurrency transactions flowing into sanctioned entities surged 694% in the recent cycle. What does this figure reflect? After traditional financial channels have been cut off, certain countries are actively exploring blockchain technology as an alternative payment infrastructure.
Stablecoins have become the preferred choice due to their relatively stable prices and convenient cross-border transfers. Compared to highly volatile Bitcoin or Ethereum, assets like USDT and USDC that are pegged to fiat currencies are better suited for everyday commercial settlements — this is the core reason for their widespread adoption.
Stablecoins are becoming a new tool for circumventing international sanctions. Sanctioned countries like Russia and Iran are increasingly relying on these assets for cross-border transactions.
Data has updated people's understanding: the volume of cryptocurrency transactions flowing into sanctioned entities surged 694% in the recent cycle. What does this figure reflect? After traditional financial channels have been cut off, certain countries are actively exploring blockchain technology as an alternative payment infrastructure.
Stablecoins have become the preferred choice due to their relatively stable prices and convenient cross-border transfers. Compared to highly volatile Bitcoin or Ethereum, assets like USDT and USDC that are pegged to fiat currencies are better suited for everyday commercial settlements — this is the core reason for their widespread adoption.