Sources: Chinese importers in Russia buy ~$30M worth of tether, a USD pegged crypto coin, every day, to send large sums of money back home (Anna Baydakova/CoinDesk)

Anna Baydakova / CoinDesk:
Sources: Chinese importers in Russia buy ~$30M worth of tether, a USD pegged crypto coin, every day, to send large sums of money back home  —  The Takeaway  —  Chinese importers in Russia are buying up to $30 million a day of tether (USDT) from Moscow's over-the-counter trading desks.



from Techmeme https://ift.tt/2MtxlDp

Comments

Popular posts from this blog

Microsoft says it has no plans to add more backward compatible titles for Xbox One, but says Project Scarlett will run games from all four Xbox generations (Tom Warren/The Verge)

An in-depth look at Mike Speiser's investment playbook at Sutter Hill Ventures, who as a founding investor incubated Snowflake Computing as an interim CEO (Kevin/kwokchain)

Indian neobank Jupiter raises a $86M Series C at a $711M valuation, up from ~$300M in August, as it prepares to launch lending and wealth management services (Manish Singh/TechCrunch)