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Ukraine minister calls on Tether to bar Russians from using its stablecoin

From theblockcrypto.com

Ukraine's minister of digital transformation has asked Tether to stop doing business with Russian citizens in a Twitter post aimed at the stablecoin operator's high-profile CTO, Paolo Ardoino. {tweet} It's not clear how Tether would in practice stop Russians from using its stablecoin. Ardoino didn't immediately respond to a message from The Block seeking comment. Since Russia's invasion last month, Ukraine's government has been ramping up pressure on businesses to cease operations in Russia. Companies from PayPal to Goldman Sachs have taken steps to quit the country, although the response from most crypto-related ... (full story)

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  • Category: Fundamental Analysis