Ukraine’s Deputy Prime Minister and Minister of Digital Transformation Mykhailo Fedorov announced on Twitter that the world’s largest stablecoin to Tether (USDT) He called on Russia not to provide services to its citizens.
Ukrainian Deputy Prime Minister Fedorov Calls Tether CTO via Twitter
Mykhailo Fedorov would make this call by tagging Tether’s high-profile CTO, Paolo Ardoino, on Twitter.
Today, the entire democratic world has united against Russia to punish the bloody invaders economically. I call on @tether_to @paoloardoino to stop any transactions with the Russians! For peace!
— Mykhailo Fedorov (@FedorovMykhailo) March 11, 2022
Fedorov used the following statements in his call:
“Today, the entire democratic world is united against Russia to punish the invaders economically! I call on USDT and Paolo Ardoino to stop all transactions carried out by the Russians. For peace.”
It is not yet known whether Tether will exclude Russian citizens from the scope of its service. However, Paolo Ardoino has not yet responded to Fedorov’s call.
Previously, crypto exchanges were also asked to kick Russian citizens out of the system, but this call was rejected by the world’s largest exchanges such as Coinbase and Binance.
After Russia’s invasion of Ukraine last month, many companies around the world began to terminate their activities in Russia.
In addition, the Ukrainian side has very serious calls for European and US companies not to work in Russia.
Many world giants, from PayPal to Goldman Sachs, had taken serious steps to leave Russia. However, crypto companies take a more silent approach.
Ukraine made a splash in its fight against Russia with its fundraising in cryptocurrencies. In total, over $100 million in cryptocurrencies were transferred to the Ukrainian army.