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coinpedia
2024-05-28 12:08:06

Russia China Turning To USDT To Settle Deals Amid Sanctions

Russia China Turning To USDT To Settle Deals Amid Sanctions

The post Russia China Turning To USDT To Settle Deals Amid Sanctions appeared first on Coinpedia Fintech News Russian firms are increasingly turning to stablecoins like Tether (USDT) to settle deals with China. Specifically, commodities firms in Russia, particularly those dealing with metals and timber, have found stablecoins to be an effective solution for cross-border transactions due to their swiftness and cost-effectiveness. Stablecoins help mitigate the risk of frozen overseas bank accounts, a …

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