Tether Trading in Iran: What You Need to Know About USDT Use and Restrictions

When people in Iran trade Tether, a stablecoin pegged to the US dollar and used to bypass financial restrictions. Also known as USDT, it is one of the few digital assets that retains real-world value inside Iran’s isolated economy. Unlike the Iranian rial, which loses value daily due to inflation and sanctions, Tether stays at $1 — making it a practical tool for buying goods, sending money abroad, and holding savings. But using it isn’t simple or safe. The Iranian government bans official crypto transactions, and banks can’t touch digital assets. So Tether moves in the shadows — through peer-to-peer markets, unregulated exchanges, and private wallets.

That’s why Iran’s Central Bank, the state authority that controls all financial activity and has enforced a full crypto ban since 2017 watches closely. They don’t just block crypto — they’re pushing their own digital currency, the digital rial, which gives them full visibility into every transaction. That means using Tether isn’t just risky legally — it’s a direct challenge to state control. Meanwhile, crypto exchanges like COINBIG, a platform that lets users trade crypto without fiat on-ramps and others with no KYC requirements, become the only way to convert Tether into other coins like Bitcoin or Ethereum. But these platforms often lack security, customer support, or legal protection. If you send Tether to a fake exchange like Domitai, your funds vanish — and there’s no recourse.

People in Iran use Tether not because they love crypto — they use it because they have no other choice. It’s how they pay for medicine, send remittances to family overseas, or protect their income from hyperinflation. But every trade carries risk: a scammer posing as a seller, a government surveillance tool tracking wallet addresses, or a sudden policy shift that freezes accounts. That’s why understanding blockchain privacy, the ability to obscure transaction trails using tools like mixers or privacy coins matters more than ever. Even if you’re just trading Tether, your wallet can be traced — and that trace can lead to trouble.

Below, you’ll find real reviews and warnings about the exchanges, scams, and strategies people in Iran actually use. No fluff. No theory. Just what works — and what gets people robbed.