Tether
LeaveRussia detail: Scaling Back
Tether (often referred to by its currency codes, USD₮ and USDT, among others) is an asset-backed cryptocurrency stablecoin. It was launched by the company Tether Limited Inc. in 2014. Tether Limited is owned by the Hong Kong-based company iFinex Inc., which also owns the Bitfinex cryptocurrency exchange.
Business in Russia
Tether has filed applications for trademark registration in Russia. Russian cryptocurrency exchange Garantex said on that stablecoin Tether had blocked digital wallets on its platform holding more than 2.5 billion rubles ($28 million), forcing it to suspend operations days after it was hit with EU sanctions.
Decision trail
Decision date 28/05/2024 · Reference ↗
Tether disregards Ukraine's plea to block Russian users - Bloomberg. Some unsanctioned firms use Tether stablecoin for transactions.
Status history since 2022
- 03/08/2026 — scaling back · Imported from KSE LeaveRussia
Exposure profile
Full exposure profile is a Professional feature
Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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