A view shows Russian rouble coins in this illustration picture taken March 25, 2021. REUTERS/Maxim Shemetov/Illustration
LONDON (Reuters) - Trading volumes between the Russian rouble and the Tether cryptocurrency spiked sharply on Monday as the local currency tumbled to a record low on Western sanctions, data shared with Reuters showed.
Rouble-denominated trades with the Tether - a so-called stablecoin - hit $29.4 million, their highest this year and around three times more than a week earlier, according to Arcane Research, an Oslo-based digital asset researcher.
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