Stablecoin Tether like other cryptocurrencies is refusing to stop transactions with Russia. — Bloomberg
Tether, the crypto stablecoin that’s been under scrutiny from regulators, appears to be turning a blind eye to pleas by the Ukrainian government to stop all transactions with Russians.
Ukraine Vice Prime Minister Mykhailo Fedorov, in a Tweet sent Friday, asked Tether and its chief technology officer and public face, Paolo Ardoino, to stop all transactions with Russians.
Fedorov had previously issued such pleas to a slew of Western companies, ranging from software giant SAP SE to chipmaker Intel Corp. At the beginning of the war, Fedorov also asked all major crypto exchanges to stop supporting Russian users.
His latest appeal appears to be the first directed at a specific cryptocurrency provider.
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