Back

Ruble-Pegged Stablecoins See Rapid Growth Amid Sanctions

Despite international sanctions, stablecoins tied to the Russian ruble outpaced major counterparts like USDT and USDC in growth last year.

USDT
USDC

Summary

No Summary provided as the original text is short

Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value by pegging it to a reserve asset such as fiat currency.
  • USDT: Tether, a widely used stablecoin pegged to the U.S. dollar to maintain price stability.
  • USDC: USD Coin, a U.S. dollar-backed stablecoin issued by Circle and Coinbase.