Wagner Rebellion Triggered Surge in Ruble-Tether Crypto Trading Amid Currency Turmoil
Russian private military company Wagner Group’s march towards Moscow in June triggered a 277% surge in trading volume between the stablecoin Tether (USDT) and the Russian fiat currency. The huge rise in trading volume oc...
The huge rise in trading volume occurred as Russian traders sought safety from a depreciating Russian ruble while Wagner’s rebellion exposed weaknesses in Russian power structures and President Vladimir Putin’s grip on the country....
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