Tether freezes $27M USDT on sanctioned Russian exchange Garantex

Q: How long will it take to read this news story?

The story "Tether freezes $27M USDT on sanctioned Russian exchange Garantex" has 523 words across 17 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Tether freezes $27M USDT on sanctioned Russian exchange Garantex" was covered 22 hours ago by Coin Telegraph, a news publisher based in United States.

Q: How trustworthy is 'Coin Telegraph' news outlet?

Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news. The outlet is headquartered in United States and publishes an average of 273 news stories per day. It's most recent story was published 8 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #26699877</li><li>URL: https://beamstart.com/news/tether-freezes-27m-usdt-on-17412765462841</li></ul>

Coin Telegraph 22h ago

Tether freezes $27M USDT on sanctioned Russian exchange Garantex - Coin Telegraph

Quick Summary:

Crypto exchange Garantex halted trading and withdrawals after Tether froze about $27 million of its stablecoin USDT tied to the platform.

Regulators in the United States were the first to announce sanctions against Garantex, with the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposing the sanctions on Garantex in April 2022.

If true, the size of Garantex’s trading volumes is still far from major global crypto exchanges like Binance, which trades $23 billion daily, according to CoinGecko.