USDT-RUB volume outpaces Bitcoin pair as Russia sanctions pile
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The trading volume of the USDT-RUB pair spiked to a 10-month high and outpaced the ruble’s Bitcoin pair as international sanctions against Russia shake local financial stability. See related…
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Welcome to The Daily BitcoinLinux – March 1, 2022 – presented by Angie Lau. Coming up on today’s show: Crypto bounces back as sanctions start to bite USDT-RUB trading volume spikes with Russian... [[ This is a content summary only. Visit my website for full links, other content, and more!…
Tether, the company behind the famous stablecoin USDT, has recently made a significant decision that has shaken the cryptocurrency market in Russia. Today, in fact, Tether has frozen as much as 27 million dollars in USDT on the Russian exchange Garantex, which has been sanctioned by the European Union. This…
Russia has reportedly turned to cryptocurrencies to facilitate its oil trade with India and China, using digital assets to circumvent Western sanctions. While fiat currencies like the UAE dirham still dominate the majority of transactions, digital assets are becoming a small but growing component of the country’s energy trade. Deepening…