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Russians appeared to seek refuge in crypto during Wagner revolt

Foto: Dado Ruvic/REUTERS / X02714
Bloomberg
Muyao Shen

Russians appeared to have sought to exchange rubles for the crypto stablecoin Tether as a refuge during the short-lived mercenary rebellion that shook the nation over the weekend.

While the overall flows appear to be relatively small, Ruble-denominated Tether stablecoin trading volume more than tripled to around $15 million on June 24 across digital-asset…

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Bloomberg