U.S.-sanctioned Moscow Exchange to list bitcoin and Tether’s USDT in December
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The Moscow Exchange will list bitcoin and Tether’s USDT for trading in December, aiming to recapture crypto volume that Russian traders currently conduct on offshore venues. The bourse is Russia’s main securities marketplace and remains subject to U.S. sanctions, while USDT is issued by Tether, which can freeze wallets tied to sanctioned entities. The listing matters because it brings the two largest cryptocurrencies by market capitalization onto a regulated domestic venue, potentially deepening ruble-denominated crypto liquidity. It also tests the awkward pairing of a sanctioned exchange with a stablecoin issuer that enforces U.S. blacklists. What to watch next is whether the MOEX listing draws meaningful volume from offshore exchanges and whether Tether’s compliance stance creates friction for Russian traders.
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Named in this story
Moscow Exchange, Tether, Bitcoin (BTC), Tether Holdings, United States
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