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2026-10-01T22:31:22.000Z

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Iran halts Tether overnight trades

Iranian cryptocurrency platforms have halted overnight trading of the stablecoin "Tether" against the Iranian Rial and imposed a daily purchase limit of 2,000 units per user, in accordance with directives from the Central Bank of Iran. These measures are part of an effort to reduce the impact of "Tether" trading on the unofficial exchange market and to curb speculations affecting the Rial's price. The restrictions are temporary and will remain in place until the beginning of next week, with deposit and withdrawal services continuing. Meanwhile, overnight trading has been suspended, and leverage on the affected platforms has been reduced, all aimed at controlling currency fluctuations and stabilizing the exchange rate in Iran.

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