Report: Tether Has Supplanted Bitcoin for Russia-China Commercial Remittances

August 1, 2019 @ 2:52 am By Cali Haan |

An unnamed OTC trading desk in Moscow is selling up to $30 million USD in “tethers” per day to Chinese merchants sending proceeds home, Coindesk reports. Until 2018, the favoured currency for this type of transacting was reportedly Bitcoin, but Chinese merchants have lately started dumping… Read More

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Read more in: Asia, Blockchain & Digital Assets, Global, Investment Platforms and Marketplaces | Tagged bitcoin, bitfinex, china, huobi, ifinex, russi, russia, tether