Today Washington offered to release Iran's frozen funds in return for concrete nuclear steps, U.S. officials told Axios.
The same morning, Tether announced it has frozen about $550 million in Iran-linked USD₮ this year.
Two headlines. One lesson, and it isn't about Iran.
In 2023, $6 billion of Iran's oil money was unlocked as part of a prisoner swap. That October, after the Hamas attack, the U.S. and Qatar agreed to hold it back.
Frozen, unfrozen, frozen again.
A balance someone else can freeze isn't yours. It's a bargaining chip, and it belongs to whoever holds the switch. A treasury, a bank, a stablecoin issuer.
Bitcoin in your own wallet is the one balance nobody can put on the negotiating table.
The same morning, Tether announced it has frozen about $550 million in Iran-linked USD₮ this year.
Two headlines. One lesson, and it isn't about Iran.
In 2023, $6 billion of Iran's oil money was unlocked as part of a prisoner swap. That October, after the Hamas attack, the U.S. and Qatar agreed to hold it back.
Frozen, unfrozen, frozen again.
A balance someone else can freeze isn't yours. It's a bargaining chip, and it belongs to whoever holds the switch. A treasury, a bank, a stablecoin issuer.
Bitcoin in your own wallet is the one balance nobody can put on the negotiating table.
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