Russian turmoil fuels unprecedented USDT/RUB trade volume surge

exchange68September 12, 2024

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…

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