According to Coindesk, in the context of the new round of attacks by the United States and Israel on Iran, Iran’s parallel financial system relying on Bitcoin mining and stablecoins has attracted attention.According to data from blockchain analysis company Chainalysis, the scale of Iran’s encryption ecosystem will reach US$7.78 billion in 2025, a significant year-on-year increase.Data shows that Iran accounts for approximately 2%-5% of the global Bitcoin computing power. The report pointed out that Iran has legalized cryptocurrency mining since 2019. Licensed miners can use subsidized electricity to mine and sell BTC to the Iranian Central Bank for trade settlement bypassing the US dollar system.Chainalysis estimates that wallets related to the Iranian Revolutionary Guards accounted for more than 50% of Iran’s total crypto capital inflows in the fourth quarter of 2025, and the inflows from related addresses in 2025 exceeded $3 billion.In addition, Elliptic data shows that the Central Bank of Iran will hold at least US$507 million in USDT in 2025 for the purpose of stabilizing the local currency and trade settlement. Analysts believe that if the military conflict further affects the power grid infrastructure, it may weaken Iran's Bitcoin mining capabilities in the short term, but the global Bitcoin network may adjust the distribution of computing power over time.