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Tether 's logo painted on a wooden background. Tether 's logo painted on a wooden background.

Tether Freezes $28M of USDT on Russian Crypto Exchange Garantex

March 6, 2025

Stablecoin issuer Tether has frozen $28 million worth of USDT on Russian crypto exchange Garantex.

Garantex, which has been sanctioned by the European Union for links to the Russian government and criminal organizations, has suspended all its services temporarily, the exchange announced on Telegram on Thursday.

“Tether has entered the war against the Russian crypto market and blocked our wallets worth over 2.5 billion rubles,” Garantex said.

“Please note that all USDT held in Russian wallets is now under threat. As always, we are the first, but not the last,” it added.



Source link

Jamie Crawley

https://www.coindesk.com/policy/2025/03/06/tether-freezes-usd28m-usdt-on-russian-crypto-exchange-garantex

2025-03-06 12:12:22

byJamie Crawley
Updated

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