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A7A5 challenges dollar-pegged USDT in Russia’s stablecoin market


A7A5 challenges dollar-pegged USDT in Russia’s stablecoin market

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A new study finds non-dollar stablecoins such as A7A5 and EURC are increasingly challenging dollar-pegged USDT and USDC among crypto users in Russia and other Russian-speaking countries. The report notes a sanctioned ruble-pegged stablecoin is seen as the main alternative to Tether, suggesting shifting adoption in DeFi, DEX/CEX flows and sanction-driven market dynamics.

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Non-dollar stablecoins like A7A5 and EURC are challenging Greenback-tied digital currencies like USDT and USDC in the digital-asset market in Russia and beyond. The finding comes from a new study, which also examines how residents of Russia and other Russian-speaking countries are using cryptocurrencies. Sanctioned Russian crypto viewed as main alternative to Tether The ruble-pegged...
Read the article at CryptoPolitan

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In This News

Coins

$ 0.99924

+0.01%

$ 0.99976

0%

$ 1.14

+0.06%

Funds

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