The $70 billion market cap threshold is right there; Russians are more strict about choosing assets than choosing sons-in-law. If USDC can make it in, it shows the consensus in the circle is strong enough. USDT is finally not the only one anymore, which is a good thing.

According to Cryptopolitan, the Russian government plans to include Circle’s USDC in the regulated cryptocurrency trading whitelist. Previously, the central bank’s list of non-qualified retail investors eligible for trading only included BTC, ETH, and USDT, and did not include other assets. However, Deputy Minister of Finance Chebeskov said that non-qualified investors’ average market value of digital assets over two years must exceed 5 trillion rubles (about 70 billion USD). Therefore, the authorities, when selecting widely recognized global cryptocurrencies, mainly include BTC, ETH, USDT, and USDC.