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Deputy Anton Gorelkin Calls for Rejection of USDT Stablecoin

Deputy Anton Gorelkin Calls for Rejection of USDT Stablecoin

HappyCoinNewsHappyCoinNews2025/03/06 19:55
By:HappyCoinNews

Deputy Chairman of the State Duma Committee on Information Policy Anton Gorelkin stated that stablecoin USDT can be removed from the list of reliable tools for circumventing sanctions.

According to him, the blocking of 2,5 billion rubles on electronic wallets of the Russian cryptocurrency exchange Garantex by company decision Tether , the issuer of the USDT stablecoin, is yet another case of pressure from unfriendly Western countries on the global cryptocurrency market.

Anton Gorelkin emphasized that it is easier to put pressure on centralized crypto assets, and the situation with USDT is a clear confirmation of this. He expressed sympathy for those investors who underestimated the risk of blocking their USDT assets on the exchange Garantex .

At the same time, the deputy emphasized that Western countries will not be able to stop the activities of the Russian cryptocurrency market. In his opinion, digital assets can still be considered one of the most effective tools for bypassing international sanctions, although USDT is no longer one of them.

Exchange Garantex , which is under sanctions from the United States and the European Union, reported blocking of wallets   with USDT stablecoins worth over 2,5 billion rubles and stopped trading. The platform's representatives said they would continue the fight.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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