Who can FREEZE your money: USDT — the Trojan horse of Russia’s crypto market
In this video, we look at why legalizing the cryptocurrency market in Russia could not only open up new opportunities but also create serious risks for investors. The focus is on USDT and the mechanism that allows Tether to freeze tokens at specific addresses, even when they’re held in a personal wallet. We discuss the emergence of regulated crypto exchanges and digital depositories, the involvement of Russia’s largest banks, how centralized stablecoins differ from Bitcoin and Ethereum, and the risks associated with sanctions.
In this video, we look at why legalizing the cryptocurrency market in Russia could not only open up new opportunities but also create serious risks for investors. The focus is on USDT and the mechanism that allows Tether to freeze tokens at specific addresses, even when they’re held in a personal wallet. We discuss the emergence of regulated crypto exchanges and digital depositories, the involvement of Russia’s largest banks, how centralized stablecoins differ from Bitcoin and Ethereum, and the risks associated with sanctions.