USDT in Wallets May Be Blocked. What to Do and How to Store Them in Russia

The largest and most popular stablecoin in the world is the USDT dollar token from Tether. Russia is no exception: crypto investors, traders on crypto exchanges, and businesses involved in foreign trade operations have been actively using it for many years.

The introduced crypto regulation in Russia is changing the internal rules for cryptocurrency transactions. Except for foreign trade, from July 1, 2027, crypto operations in the country will only be allowed through licensed intermediaries, and the Bank of Russia proposes to include three largest cryptocurrencies by market capitalization in the list of cryptocurrencies accessible to ordinary investors.

USDT, along with Bitcoin and Ethereum, has made it to the regulator's list. However, the State Duma has questioned the necessity of allowing this stablecoin on the Russian crypto market, as Tether, the issuer of USDT, blocks funds at the request of U.S. authorities.

Experts told <> about the risks faced by USDT holders in Russia if they store tokens in a personal wallet or on an exchange, whether stablecoins can be frozen or accounts blocked, and where to store this cryptocurrency more safely.

I Have USDT on an Exchange or in a Personal Wallet. Should I Worry?