The United States is intensifying attacks on Iranian civilian infrastructure; but the yuan and stablecoin toll system across the Strait of Hormuz is gaining traction. The Iranian strategy "significantly weakens 'maximum pressure' by bypassing dollar-based systems," Dr. Alam Saleh, a political analyst at the Australian National University's Center for Arabic and Islamic Studies, told Sputnik. In this way, Iran "is effectively challenging the US economy and the US dollar's position as the global reserve currency, as well as the petrodollar system," says Dr. Hasan Selim Ozertem, a political and security analyst based in Ankara. Stablecoins operate on decentralized blockchain networks, making them more difficult to track and block. Yuan payments are processed through the China Cross-Border Interbank Payment System (CIPS), a viable alternative to SWIFT US attacks cannot reverse the emerging trend, as transactions are likely processed in Iranian undergrou...
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