Iran views BTC as a strategic asset, but USDt still dominates oil tolls: BPI

Iran views BTC as a strategic asset, but USDt still dominates oil tolls: BPI

3.55%BTC$75,785 2.18%XLM$0.1705 2.01%TRX$0.3293 0.69%XMR$350.48 0.82%DOGE$0.09522 5.14%BCH$444.61 2.35%ADA$0.2497 4.19%BNB$631.72 1.70%ETH$2,354 3.18%SOL$86.14 3.45%HYPE$44.18 0.85%XRP$1.43 3.05%USD Written by Vince Quill,Staff WriterReviewed by Robert Lakin,Staff EditorIran views BTC as a strategic asset, but USDt still dominates oil tolls: BPI3 hours agoThe Iranian government chose Bitcoin as a payment method for oil tolls due to its confiscation-resistant properties, but only dollar stablecoins have been used so far. Iran’s government naming Bitcoin (BTC) as a payment method for oil ships crossing the Strait of Hormuz highlights its role as a neutral, strategic asset, according to Sam Lyman, head of research at digital asset advocacy organization Bitcoin Policy Institute (BPI). The government selected BTC as one of the payment methods for the tolls because of its censorship-resistant

Source: https://cointelegraph.com/news/iran-btc-strategic-usdt-dominate-oil-tolls?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound