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.
The data updates our understanding: the volume of cryptocurrency transactions flowing into sanctioned entities has surged by 694% in the recent cycle. What does this number reflect? After traditional financial channels are cut off, some countries are actively exploring blockchain technology as an alternative payment infrastructure.
Stablecoins, due to their relatively stable prices and the convenience of cross-border transfers, have become the preferred choice. Compared to highly volatile Bitcoin or Ethereum, assets like USDT and USDC, which are pegged to fiat currencies, are more suitable for daily commercial settlements — and this is the core reason for their widespread adoption.
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CommunityLurker
· 01-12 20:45
694% this number is so outrageous, really treating USD-pegged stablecoins as a cross-border magic tool
How can anyone still think USDT pegged to fiat is stable? Laughable, once accounts are frozen, everything is useless
If you ask me, this move is just paving the way for CBDCs, don’t be fooled by the superficial "bypassing sanctions"
Sanctions on-chain? The story behind this is probably even more exciting...
By the way, these countries really dare to do it, using blockchain as a lifeline, it's crazy
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airdrop_whisperer
· 01-11 13:38
694% This number really can't be held back anymore; stablecoins have become a tool to break through sanctions. This is the true application scenario of blockchain.
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GhostAddressHunter
· 01-10 14:02
694% this number is quite fierce; it seems there are truly no absolute sanctions.
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AirdropworkerZhang
· 01-10 14:02
694% this number is a bit scary, it seems stablecoins have really become a magic tool to bypass sanctions
Now I understand why USDT is so popular; its low volatility indeed makes it suitable for settlement
Sanctions are increasing, blockchain is becoming more popular, it's a bit surreal
Wait, if this continues, won't stablecoins also come under scrutiny...
It's truly a case of the master surpassing the master; when traditional finance is blocked, they turn to on-chain solutions
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PessimisticOracle
· 01-10 13:56
694%... This number is crazy, stablecoins have truly become the new trump card in underground finance.
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ForkPrince
· 01-10 13:54
694% that number is shocking... frankly, no one wants their assets frozen, stablecoins have become the hot commodity
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Really, when traditional finance shuts down, blockchain becomes a lifeline. This pattern is becoming more and more familiar
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USDT has won big this round, because it’s both stable and fast. Volatile coins simply can’t compare
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Interesting, even at the national level, they’re starting to play with blockchain. Is this pushing for a global financial system overhaul?
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694% growth... the harsher the Western sanctions, the more active the blockchain ecosystem becomes. The irony is quite strong
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Speaking of stablecoins as intermediaries, it’s really a brilliant move. The central banks must be getting anxious
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Is a new era of cross-border settlement coming? We’ll see...
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Sanctions are driving technological progress. Who would have thought, haha
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RadioShackKnight
· 01-10 13:54
694% This number really can't be held back anymore; stablecoins have directly become the new favorite in underground finance.
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CompoundPersonality
· 01-10 13:49
694% This number really can't be held back anymore; stablecoins have truly become a "fugitive tool," I didn't expect that.
That's why I keep saying stablecoins are the real beasts; Bitcoin's volatility is just a smokescreen.
I have to say, sanctioned countries are playing even more wildly than we imagined...
The entire international financial system is almost being torn apart, it's a bit terrifying.
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TooScaredToSell
· 01-10 13:46
694% this number is scary, stablecoins have really become a tool for sanctions evasion...
But honestly, this is the double-edged sword of blockchain. The technology itself is innocent; how it is used makes all the difference.
Speaking of which, USDT is so convenient, I really feel for those countries stuck behind restrictions...
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.
The data updates our understanding: the volume of cryptocurrency transactions flowing into sanctioned entities has surged by 694% in the recent cycle. What does this number reflect? After traditional financial channels are cut off, some countries are actively exploring blockchain technology as an alternative payment infrastructure.
Stablecoins, due to their relatively stable prices and the convenience of cross-border transfers, have become the preferred choice. Compared to highly volatile Bitcoin or Ethereum, assets like USDT and USDC, which are pegged to fiat currencies, are more suitable for daily commercial settlements — and this is the core reason for their widespread adoption.