Nice news. More and more states are looking to make their own stable coin. Will Tether dominance died after this?
Seems like US influence will slowly fade from the market, as people can use blockchain and crypto to outclass the US.
I wouldn't risk touching the "IranCoin" or "Crypto-Rial." Doing so could get you implicated in violating US sanctions, even as a non-US resident. Who wants to take that risk?
I still don't really understand how this works. Most Iranian trade is done in Euros and they need a replacement for SWIFT for interbank transfers. How does a state-backed cryptocurrency solve this problem?