Tether eases to 191,206 tomans on Saturday, staying above the banknote dollar

The price of tether in Iran's domestic market fell about 0.31 percent from the previous day, from 191,800 to 191,206 tomans, on Saturday, 25 July 2026 (3 Mordad 1405). The rate is based on a report from the Nobitex exchange; some other domestic sources recorded the same day's rate at around 192,200 tomans, a difference stemming from variation between exchanges and the time of quotation.

Notably, the two markets fell at different speeds: tether slipped only about 0.3 percent, while the open-market dollar dropped roughly 1.8 percent the same day, standing around 189,700 tomans on Sahmino's price board as of 19:59 on Saturday. That left tether trading about 1,500 tomans above the banknote dollar.

Tether is the most widely used stablecoin and the main on-ramp for Iranians into the global crypto market. Its global price held near one dollar as usual, so the move in its toman rate reflects the domestic currency market rather than any swing in the token itself.