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Some commodity traders in Europe have turned to stablecoin settlements after losing banking services due to risks related to Iran.

Some commodity traders in Europe have turned to stablecoin settlements after losing banking services due to risks related to Iran.

AIcoinAIcoin2026/04/12 12:04
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Haycen CEO Luke Sully stated that, due to concerns over transaction risks related to Iran, some European commodity traders are having their banking services terminated, and non-bank lenders and traders are turning to stablecoins (especially USDT) for cross-border payments. Haycen plans to become the liquidity and settlement layer for the 2 trillion USD non-bank trade finance market.
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