NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

Data Show Rubble-Denominated Crypto Pairs Are Spiking

Christian Encila
Christian Encila
1 year ago
2 mins read
Rubble-Denominated Crypto

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Russian rubles are now flooding into Tether, while rubble-denominated crypto pairs are on the rise on major crypto exchanges.

Between February 20 and February 28, Bitcoin volume surged by 243%, from 522 to 1,792 BTC traded via Binance’s BTC/RUB combo.

A Russian government study claimed Russians held 2 trillion rubles ($20 billion) in cryptocurrencies.

Related Article | Bitcoin Staggers After Putin’s Nuclear Deterrence Alert Warning

Rubble-Denominated Crypto Pairs Surge

On February 28, a tremendous spike in the volume of the ruble pairings in Binance, especially in USDT, became apparent, with the USDTRUB volume reaching a new all-time high of $35 million.

The amount of bitcoin has also increased significantly. These surges in volume could imply that Russians are looking into the price stable crypto-tokens to gain dollar exposure ahead of potential sanctions against Russian crypto dealers.

On the other hand, the growing volumes could result from market makers trying to get rid of their ruble exposure. Because of circumstantial differences, Ukrainians seek crypto exposure in these uncertain times.

On SWIFT And Russian Reserves

According to financial commentator Charles Archer, cutting Russia off from the international SWIFT payment network “has rendered Russia’s $630 billion reserves, which are primarily held in foreign currency, worthless.”

Furthermore, when it comes to Ukrainian hryvnia swaps, USDT, BTC, and ETH are all still trading at a premium on the Kuna exchange.

The volume of deals on the Ukrainian local Bitcoins exchange has increased marginally from the previous week, and BTC is now selling for a premium in hryvnia trades.

Total crypto market cap at $1.894 trillion in the daily chart | Source: TradingView.com

 Related Article | Criminal Whales Hold $25 Billion In Crypto Assets: Chainalysis Report

USDT/RUB Swaps

Binance recorded a total volume of $16,871,804 USDT/RUB trades, $5,740,109 BTC/RUB exchanges, and $3,429,714 ether swaps with the ruble in the last 24 hours.

The Russian currency is Tether’s (USDT) sixth most traded pair, according to cryptocompare.com trading pair analytics on Tuesday.

USDT/RUB trades accounted for 2.05% of global tether trading during the previous day.

Tether (USDT) has a present value of $1.0004 with a 0.0137% increase throughout 24 hours. It has a market capitalization of $79.475B alongside a circulating supply of about USDT 79.442B at the time of writing.

Ruble/BTC Trading Up

The volume of Bitcoin in ruble (RUB) reached approximately 1.5 billion RUB on Thursday, according to data compiled by Kaiko, a cryptocurrency research firm located in Paris.

Trading volumes between the Russian ruble and bitcoin hit a nine-month high as the country’s fiat currency plummeted to new lows after the Ukraine invasion.

Meanwhile, Tether-ruble and tether-hryvnia trading volumes both showed similar patterns.

According to Bloomberg data, the Russian currency fell more than 8% to RUB 90 per US dollar last week and lost another 28% Wednesday morning, reaching a new low of 118 per dollar.

Featured image from The Independent, chart from TradingView.com
Tweet123Share196ShareSend
Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin Price Struggles Again

Bitcoin Price Struggles Again – Will Bears Push Price Into Deeper Decline Soon?

Bitcoin price extended losses after it traded below $113,800. BTC is now consolidating losses and might decline again to test...

Aayush Jindal 1 hour ago
cardano ada adausd

Cardano (ADA) Oversold With RSI at 36.6: Is a Short-Term Rebound on the Horizon?

Cardano (ADA) slipped 1.38% today, trading at $0.816, below its 20-day moving average ($0.871) and 50-day moving average ($0.86). However,...

James Halver 2 hours ago

投資者瘋狂湧入Maxi Doge 預售逼近 250 萬美元關口 早期買家瞄準巨額回報

加密世界的猛犬Maxi Doge (MAXI)預售金額正逼近 250 萬美元,儘管大盤降溫,投資者依然瘋狂沖進來搶籌。 早期買家選擇在預售階段鎖倉,因為他們認為 MAXI 比 Dogecoin (DO...

estherw 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

hyperliquid-hits-record-59-hylq-brings-success-model-crypto-stocks-tw

Hyperliquid飆至歷史新高59美元 HYLQ移植成功概念入加密股票

Peter Chow 3 minutes ago
Ethereum Price Extends Losses

Ethereum Slips Lower – Will Continued Decline Lead To Double-Digit Losses?

Aayush Jindal 32 minutes ago
shiba-inu-october-rally-heats-up-snorter-meme-bot-presale-4m-25-days-left

柴犬幣10月行情熱度回升 Snorter迷因機器人預售倒數25天突破400萬美元

Peter Chow 1 hour ago

Premium Sponsors

Press Releases

  • Aster na Binance vystrelil o 1800 % za týždeň napriek krachu trhu: Bude ďalším Bitcoin Hyper?

    Aster na Binance vystrelil o 1800 % za týždeň napriek...

    5 hours ago
  • Kryptomenové pokladničné zásoby sa prepadli, keď sa obchodníci presúvajú k bezpečnejším krypto predpredajom ako PEPENODE

    Kryptomenové pokladničné zásoby sa prepadli, keď sa...

    6 hours ago
  • Aster z Binance rośnie o 1800% w tydzień pomimo spadku na rynku: Czy Bitcoin Hyper będzie następny?

    Aster z Binance rośnie o 1800% w tydzień pomimo spadku na...

    8 hours ago
  • A kincstári kriptovaluta-részvények hanyatlása, miközben a kereskedők biztonságosabb kriptovaluta előértékesítések felé fordulnak, mint például a PEPENODE

    A kincstári kriptovaluta-részvények hanyatlása...

    8 hours ago
  • Aster z Binance rośnie o 1800% w tydzień pomimo spadku na rynku: Czy Bitcoin Hyper będzie następny?

    Aster z Binance rośnie o 1800% w tydzień pomimo spadku na...

    8 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.