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Crypto Market Update: Iran Is Charging Stablecoins to Pass Through Hormuz — but Bitcoin Is Losing the War Hedge Debate
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Crypto Market Update: Iran Is Charging Stablecoins to Pass Through Hormuz — but Bitcoin Is Losing the War Hedge Debate
Bloomberg reported April 1 that Iran’s IRGC is charging ships a baseline of $1 per barrel — up to $2 million per very large crude carrier — payable in stablecoins or yuan, with a five-tier “friendliness ranking” system determining access and escort termsChainalysis estimated Iranian-linked on-chain crypto activity reached $7.8 billion in 2025, with stablecoins playing a central role; Iran legalized Bitcoin mining in 2019 and its Ministry of Defense has accepted crypto for military export contracts since January 2026Bitcoin has underperformed gold as a wartime hedge since the conflict began, sitting at rank 12 by market cap with dominance at 59%, while gold has held safe-haven capital that Bitcoin has not captured
2026-04-07 Source:crypto.news
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