Blockchain analytics firm Elliptic linked $507 million in USDT directly to the Central Bank of Iran, reporting that the central bank utilized the stablecoin to support the Iranian rial

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

Reading public blockchain data such as wallet flows, exchange balances, and holder behavior to gauge market activity and sentiment.