The post Why XRP Has No Role at Strait of Hormuz, Bitcoin Stablecoins In It appeared on BitcoinEthereumNews.com.

Iran collects up to $2M per tanker using Bitcoin and Tether at the Strait of Hormuz. Bitcoin dominates due to censorship resistance, while stablecoins offer stability but risk being frozen. XRP remains absent as its bank-based, regulated system cannot support sanctioned transactions. Iran is collecting crypto payments from oil tankers passing through the Strait of Hormuz — accepting Bitcoin and stablecoins at up to $2 million per vessel. But one major crypto asset is completely absent from this story. XRP, despite being purpose-built for fast, cheap cross-border payments, has not been mentioned once.  Here is the honest reason why. What Is Actually Happening at Hormuz Right Now Since mid-March 2026, Iran’s Islamic Revolutionary Guard Corps has been operating what is effectively a toll booth at one of the world’s most critical shipping chokepoints. The IRGC charges ship operators up to $2 million per vessel to transit the strait, accepting payment in either Chinese yuan, routed through Kunlun Bank via CIPS,  Bitcoin, or possibly USDT. Under this system, oil tankers must email their cargo details to Iranian authorities. Iran then charges about $1 per barrel and tells the crew to pay the exact amount in Bitcoin within seconds to get permission to pass. Iran made this rule official through the Strait of Hormuz Management Plan, approved on March 30–31, 2026. This is the first time a country has used crypto to collect fees at a major global shipping route. The numbers are huge. The system could bring in up to $20 million per day from oil tankers alone, and as much as $600–$800 million per month if gas shipments are included. Why Bitcoin and Stablecoin? Iran did not choose Bitcoin because it is the best payment technology, but because no one can freeze or block it. With decades of sanctions cutting…

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Filed under: News - @ April 14, 2026 3:24 am