An analysis suggests that while the Iranian Revolutionary Guard Corps (IRGC) demanded cryptocurrency tolls from oil tankers passing through the Strait of Hormuz, stablecoins rather than Bitcoin would be the actual means of payment. According to BeInCrypto, Chainalysis analyzed, “Dollar-pegged stablecoins are suitable for large-scale transactions as they can ensure price stability and liquidity. The inflow into IRGC-related wallets is estimated to have exceeded $3 billion by 2025. Given this existing operational scale, it seems highly likely that stablecoins will be adopted. However, stablecoins carry the risk of asset freezing by the issuer."