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Russia plans to include USDC in the compliant cryptocurrency asset whitelist

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According to Cryptopolitan, the Russian government plans to add Circle’s USDC to its regulated cryptocurrency trading whitelist. Earlier in early June this year, the Central Bank of Russia (CBR) revealed a list of crypto assets that are permitted to be traded by non-eligible retail investors, which included BTC, ETH, and the stablecoin USDT, but at the time it explicitly stated that no additional assets would be added. However, Ivan Chebeskov, Deputy Minister of Finance of Russia, disclosed in an interview that, according to regulations, the digital assets that non-eligible investors are allowed to invest in must have an average market value exceeding 5 trillion rubles (about 70 billion USD) over the course of two years; therefore, the authorities are selecting widely recognized cryptocurrencies globally, mainly including BTC, ETH, USDT, and USDC.
USDC0.01%
BTC-3.00%
ETH-2.07%
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SushiAndSlugs
· 1h ago
Russian retail investors will find it more convenient to buy USDC in the future, compliance channels +1
View OriginalReply0
PfpSeasonChangeExpert
· 6h ago
The $70 billion threshold is quite high; USDC making the list shows that liquidity is indeed strong.
View OriginalReply0
FlamingoFacingJudgment
· 6h ago
Chebeskov这话说的，等于官宣USDC是第四大主流了
Reply0
FeeSwitchLobbyist
· 6h ago
USDC is finally about to be recognized by the Russians, Circle is this round's big winner.
View OriginalReply0
L2Mailman
· 6h ago
Previously only BTC, ETH, USDT; now adding USDC, will the stablecoin landscape change?
View OriginalReply0
GateUser-2bbf8435
· 7h ago
5 trillion ruble threshold, small coins are directly discouraged, the official only recognizes the big players
View OriginalReply0

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