Commodity traders are getting debanked due to Iran war, pushing them to rely on stablecoins

Commodity traders are getting debanked due to Iran war, pushing them to rely on stablecoins

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enFinanceShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailCommodity traders are getting debanked due to Iran war, pushing them to rely on stablecoinsAs banks retreat from trade finance amid Iran-linked risk fears, non-bank lenders and traders are increasingly turning to stablecoins for settlement, according to Haycen’s Luke Sully.By Will Canny|Edited by Jamie Crawley Apr 12, 2026, 12:00 p.m. Make preferred on Iran conflict spurs debanking, pushes commodity traders toward stablecoins: Haycen CEO. (Getty Images/Unsplash)What to know: Some commodity traders in Europe are being “debanked” over concerns about counterparty risk tied to Iran-related flows, according to Haycen CEO Luke Sully.Stablecoins, especially USDT, are filling the gap as a workaround for cross-border payments.Haycen aims to becom

Source: https://www.coindesk.com/business/2026/04/12/commodity-traders-are-getting-debanked-due-to-iran-war-pushing-them-to-rely-on-stablecoins