Russia Targets USDT in New Crypto Regulations: Impact on Market Liquidity

Russia’s Central Bank has implemented new regulations prohibiting the trading of USDT, significantly impacting the country’s cryptocurrency market. The ban aims to limit access for average retail investors and encourage the development of a domestic stablecoin alternative. This move follows broader regulatory measures restricting cryptocurrency usage, mirroring China’s approach. Market liquidity is expected to be negatively affected as a result, potentially forcing traders to adapt their strategies. While the Central Bank focuses on developing a national stablecoin, experts anticipate increased convergence between crypto and traditional finance systems.