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Russians Appeared to Seek Refuge in Crypto During Wagner Revolt

June 26 (Cointime) - There was a brief mercenary insurgency in Russia, and the Russians appeared to seek refuge in the stablecoin Tether in exchange for rubles. Despite relatively low overall traffic, trading volumes for the ruble-denominated Tether stablecoin roughly tripled on June 24 on digital asset exchanges that still support trading in the Russian currency, according to blockchain data firm CCData. to about $15 million. According to CCData, the largest ruble trading platforms this month are Binance, Cryptonex, HitBTC and Coinsbit. The United States and its allies imposed financial sanctions after Russia invaded Ukraine last year.

Tether USDt Tether USDt $1.00
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Russia stablecoin Tether
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