Iran has reportedly established a parallel cryptocurrency economy, estimated at approximately $7.8 billion, centered on Bitcoin mining and stablecoins, as a strategy to circumvent U.S. dollar-based financial systems. Data from blockchain analytics firm Chainalysis indicates that by 2025, Iran's crypto ecosystem reached $7.78 billion. Notably, addresses linked to the Islamic Revolutionary Guard Corps (IRGC) accounted for over 50% of crypto fund inflows, receiving more than $3 billion throughout the year.

Furthermore, according to Elliptic, Iran's central bank accumulated at least $507 million in USDT in 2025, potentially for stabilizing the rial and facilitating trade settlements. The Iranian government's mining operations incur an estimated cost of $1,300 per Bitcoin, with mined assets being sold at market prices. Recent military actions by the U.S. and Israel against Iran could potentially impact the nation's power grid, consequently affecting high-energy-consumption mining activities.

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