So how does this work? Are the stablecoin companies going to freeze these wallets bc of sanctions?

First Squawk
@FirstSquawk
IRAN’S IRGC IS CHARGING TOLLS STARTING AT $1 PER BARREL ON SHIPS TRANSITING THE STRAIT OF HORMUZ, WITH PAYMENTS REQUIRED IN CHINESE YUAN OR STABLECOINS, EFFECTIVELY MONETIZING CONTROL OF THE KEY OIL CHOKEPOINT. - SOURCES
let me guess circle is going to take a "principled" stance
Can't help but laugh that crypto is down so bad that the IRGC would rather take stables and roll the dice on getting caught than take payment in an uncensorable BTC or ETH lol
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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