Russian turmoil fuels unprecedented USDT/RUB trade volume surge

exchange681 week ago

0 0 2 minutes read

In the throes of Russia’s turbulent period, a startling surge has gripped the USDT/RUB trading pair, hitting a year-to-date high in mid-August. As the ruble tumbles, investors seem to be finding refuge in stablecoin markets. But why this sudden shift? The reason could be linked to an unexpected source: a potential political shake-up that CryptoSlate flagged earlier this summer. However, the story doesn’t end there… Other global economic indicators may also be influencing the ruble’s valuation. Dive into the intricate interplay of politics and digital asset trading…

To access this insight, connect your Solana wallet or learn more about CryptoSlate Alpha.

Unlock this insight with CryptoSlate Alpha

This insight is only available for CryptoSlate Alpha members. CryptoSlate Alpha is a web3 membership built to empower you with cutting-edge insights and knowledge, built in partnership with Access Protocol.

👋 Hey, connecting to CryptoSlate Alpha requires authentication using Access Protocol. CryptoSlate is a launch partner of Access Protocol and we are also invested in the project through a grant we received. For more information, see our terms page.

To access CryptoSlate Alpha, you will need

1. Solana Wallet

Connect a Solana self-custody wallet (Phantom, Solflare or Torus).

2. Stake ACS

Stake 20k ACS (native token of Access Protocol) to the CryptoSlate pool.

Included in your membership

Exclusive Research & Analysis

Crypto, Macro & DeFi Insights

Already holding ACS? Connect & stake now →

Join Access Protocol to get CryptoSlate Alpha

Disclaimer: By choosing to lock your ACS tokens with CryptoSlate, you accept and recognize that you will be bound by the terms and conditions of your third-party digital wallet provider, as well as any applicable terms and conditions of the Access Foundation. CryptoSlate shall have no responsibility or liability with regard to the provision, access, use, locking, security, integrity, value, or legal status of your ACS Tokens or your digital wallet, including any losses associated with your ACS tokens. It is solely your responsibility to assume the risks associated with locking your ACS tokens with CryptoSlate. For more information, visit our terms page.