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Russian Firms Turn to Crypto for Commodities Trade

Russian Firms Turn to Crypto for Commodities Trade
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Russian Firms Turn to Crypto for China Commodities Trade

(Bloomberg) Russian commodities firms struggling to execute financial transactions with Chinese counterparts have started tapping a new method for settling deals — stablecoins.Most Read from BloombergWall Street Moves to Fastest Settlement of Trades in a CenturyIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughCatering to the Ultra-Rich Is a Booming Business in AustraliaUS Futures Rise on Apple Shipment Surge in Chi ....

United Kingdom , Hong Kong , Krasnoyarskiy Kray , United Arab Emirates , Ben Bartenstein , Vladimir Potanin , Elvira Nabiullina , Bloomberg Businessweek , Ivan Kozlov , Tether Holdings Ltd , Crypto Transfers To Russian Exchange , Us Treasury Department , European Union , Tether Holdings , Resolv Labs , United Kingdom Probe , Crypto Transfers , Governor Elvira Nabiullina , What Are Stablecoins , Why Is Paypal Jumping ,