Russia is enraged! After $30 million USDT was frozen, Putin may launch "Fighting Nation Version Stablecoin"!
Russia has been pushed to the edge! After the U.S. froze $30 million worth of USDT, the Fighting Nation is ready to make a big move—issuing its own "Putin Coin"!
According to reports from TASS, the Russian Ministry of Finance is secretly planning a domestically produced stablecoin to rival USDT. The trigger for this situation dates back to last month when the USDT wallet of Russia's largest exchange, Garantex, was suddenly frozen by Tether, causing 2.5 billion rubles (about $30 million) to instantly "evaporate"!
Deputy Minister of Finance Kabaloev slammed the table and shouted at an internal meeting: "The Americans' stablecoin is too dangerous! We must have our own digital weapon!" It is reported that this "Fighting Coin" may be pegged to the ruble or renminbi and will circulate in Russia's newly established "crypto special zone".
Interestingly, the background of this crypto war is full of drama:
1. The Garantex exchange was just placed on the sanctions blacklist by Europe and the U.S., accused of helping hackers launder $100 million.
2. The European Union directly banned the platform, accusing it of providing funding channels for the Russian military.
3. The Central Bank of Russia is still in "infighting" with the Ministry of Finance, firmly opposing the legalization of cryptocurrencies.
Industry insiders reveal that this "Putin Coin" will become Russia's secret weapon to break through financial blockades. But Western experts scoff: "A country under global sanctions creating a stablecoin? It's like putting a blockchain vest on the ruble!"
Currently, Moscow has issued a stern warning: testing must be completed within three months. It seems this crypto Cold War has just begun...