2026-01-04 20:21:09

In an environment of high inflation and rapid local currency depreciation, stablecoins are becoming the "new choice" for ordinary households. Taking Iran as an example, the local currency rial once depreciated to 927,000 to 1 USD in 2025, with an annual inflation rate exceeding 40%, making asset preservation a pressing need.

Compared to Bitcoin's rollercoaster market, USDT and USDC attract many middle-class and household savers due to their 1:1 peg to the US dollar. They convert their local currency into dollar stablecoins through local exchanges (such as Nobitex), which helps avoid devaluation risks and provides flexibility for cross-border payments or importing goods—under sanctions, this is almost the only feasible solution.

On the technical level, the advantages of stablecoins are even more apparent. Since local banks are excluded from the SWIFT system, traditional cross-border transfers are basically impossible. Blockchain-based peer-to-peer transactions allow users to complete transfers in just a few minutes, with fees less than a fraction of traditional remittances. Data shows that the daily trading volume of stablecoins in this market has increased by 40% year-over-year, and there are even dedicated Telegram groups broadcasting real-time exchange rates—indicating strong market demand.

Interestingly, although the government publicly restricts cryptocurrency trading, it tacitly tolerates the use of stablecoins for import and export settlements. In trade with neighboring countries, USDT has become the standard settlement tool, which subtly reinforces the legality and practicality of stablecoins.

However, over-reliance on stablecoins also poses hidden risks. If the issuer's risk control fails or policy environments change suddenly, holders' assets could face significant danger. This is a serious consideration that users must carefully evaluate.

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GasFeeTherapist

· 01-06 01:17

Iran's inflation is so fierce, USDT has really become a lifeline, haha --- 927 million to exchange for one US dollar, outrageous. No wonder everyone is rushing to stablecoins --- Peer-to-peer instant transfers, extremely low fees, way better than the SWIFT system --- The government publicly says no, but secretly all transactions are settled with USDT. Typical Schrödinger's prohibition --- 40% growth, real-time exchange rates in the Telegram group. I just want to know when other countries will get their turn --- Once risk control collapses, it's over. Waking up to zero assets is terrifying to think about --- Stablecoins really saved those whose banks were frozen, but this kind of dependency is too dangerous --- USDC and USDT are almost like legal tender in Iran, isn't that ironic? --- Traditional remittance fees are negligible. Blockchain was made for scenarios like this --- Over-reliance on a single stablecoin issuer, it's like betting that a company won't have issues, right?

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TaxEvader

· 01-04 20:50

9.27 million times devaluation? That's outrageous, no wonder everyone is hoarding stablecoins --- What can we do if SWIFT gets cut off? Stablecoins are indeed a way out --- 40% inflation rate, oh my god, this is the real need for asset preservation --- The real-time quote in the Telegram group feels a bit like an underground bank... --- Government: I don't allow it! Also: secretly tacit approval of USDT settlements, double standards players indeed --- With USDT collapsing and policies tightening again, it's really a total loss. Who will bear this risk? --- Playing the Bitcoin roller coaster is really not feasible, stablecoins have instead become a lifeline for ordinary people --- Minutes for transfers vs. traditional remittance taking days, why use banks when the experience is so different? --- Relying on stablecoins = relying on Tether's risk control, feels a bit shaky... --- This is the true battlefield for cryptocurrencies, not hype

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DaoResearcher

· 01-04 20:48

According to on-chain data, what conditions must be met for the daily average trading growth of 40% in the stablecoin market to be considered truly valid and reliable? --- By the way, the fragility of the USDT pegging mechanism can be triggered instantly under extreme policy environments. That’s why I’ve always believed that relying on a single stablecoin is essentially a fallacy. --- From a tokenomics perspective, the large-scale entry of household savers into stablecoins actually reflects a deeper governance failure issue. --- I’m a bit skeptical about the "government tacit approval" statement. I suggest looking for official documents or on-chain governance proposals to validate this. --- 9.27 million times devaluation rate... This is no longer just an economic issue; it’s a systemic collapse. Stablecoins are just an emergency solution and cannot cure the root problem. --- Why is no one discussing the risk control black swan of the issuer? Tether’s transparency issues will be amplified infinitely in a sanctions environment.

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YieldFarmRefugee

· 01-04 20:46

This is the true battlefield of Web3, not just playing with cryptocurrencies. Honestly, the situation in Iran is indeed extreme—927,000 IRR to 1 USD. How desperate must one be to exchange their local currency for stablecoins... but there's no other way, SWIFT is no longer usable. Trading volume on Nobitex has surged by 40%. Behind this number, countless families are bottoming out to save themselves, really. It's outrageous that the government turns a blind eye—officially banning cryptocurrencies while secretly settling everything with USDT. This operation is simply unbelievable. But on the other hand, if Tether's risk control really fails, these people will be finished—going back to the Stone Age overnight.

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BearMarketHustler

· 01-04 20:22

9.27 million to 1 USD, this absurdity is comparable to a joke. No wonder ordinary people are rushing to stockpile USDT. --- The best part of stablecoins is that they bypass SWIFT. The banking system's broken setup has finally been circumvented once. --- Wait, the government secretly tacitly approves? Then it's just turning a blind eye. This will inevitably blow up sooner or later. --- 40% growth, real-time exchange rates in Telegram groups. This is what true market demand looks like, not hype. --- At the end of the day, it's still a risk issue. If Circle or Tether run into problems, it's game over. It’s important to find a balance. --- USDC and USDT have become lifelines for sanctioned countries. This is where Web3 truly unleashes value. --- Much more reliable than Bitcoin. For family savings, you need this kind of thing. Stop messing around with swings. --- In plain terms, stablecoins only have vitality where fiat currency collapses. Everywhere else, it's just storytelling.

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