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USDT records new all-time high against Russian ruble as inflation hits -Breaking

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U.S. dollar pegged stablecoinUSDT) witnessed a spike of over 30% in five days against the Russian ruble — highlighting the negative and immediate impact of the ongoing war on the traditional financial system.

Source: Cointelegraph Markets Pro and crypto exchange Binance show that the ruble (RUB) is undergoing inflation as the trading pair — for the first time in history — crossed 105 RUB.

USDT/RUB price performance. Source: TradingView