What is a stability currency and how do you buy them?

After the start of an exclusive operation in Ukraine, Russians began to purchase stablecoins in large quantities. Let’s discover why this currency is so loved, how to buy stablecoins, and who it can aid in the face sanctions.

What is an Stablecoin?

In the offline world there are people who use fiat currencies to calculate the price of products and services. However cryptocurrency comes with its own measures: the number and size of transactions on the blockchain block sizes, hashrate, block sizes and so on. We created a digital asset that can be tied to fiat currencies and precious metals in order to add additional features to the Blockchain.

Stablecoins are digital currencies which are tied to USD (the value of the US currency) in a ratio 1:1. Tether, which released the USDT cryptocurrency in the year 2015, was the first to release this kind of cryptocurrency. There are also other stablecoins on the market, for instance Circle’s USDC, or BUSD that is created by the Binance cryptocurrency exchange. The creator company is marked with the last letter.

Stablecoins make it easy to convert your savings from fiat money into digital currency that can be traded instantly or used to invest. Stablecoins are also a great way to reduce the cost of your cryptocurrency savings. In times of high volatility, you could convert cryptocurrency into stablecoins to wait for better conditions. Stablecoins offer the benefit that they can be used in situations when the exchange rate isn’t as steady and buying them is difficult.

What is the reason why demand for stablecoins has been increasing?

In Russia cryptocurrency has seen an increase in demand in the last two weeks, as a means to secure savings. The number of cryptocurrency users has also increased , as is the quantity of ruble deposits that are made on exchanges for cryptocurrency. The second most-popular cryptocurrency, after bitcoin, is stablecoins and specifically USDT.

According to data from visits to different trading platforms, the amount of transactions has increased 2-3x since February. The demand for USDT is greater than the demand for bitcoins or other well-known cryptos. Because the stablecoin acts as a substitute for American dollars, it’s difficult to buy it now.

EXMO cryptocurrency trade platform witnessed massive influx of ruble deposits. Binance has stopped accepting Russian Visa and Mastercard cards that are issued in Russia.

For Russians who have been overseas, cryptocurrency and particularly, stablecoins are an ideal option to transfer money between countries even though Russia is under Western sanctions. Stablecoins are a great way to swiftly transfer your savings between rubles and foreign currencies.

The volume of transactions that use cryptocurrency between individuals has increased through p2p platforms. The platform functions as an intermediary, guarantee and facilitator of transactions. When a cryptocurrency is purchased the buyer transfers the money into his crypto wallet, and later onto credit card.

What is the best way to buy Stablecoins NOW

Crypto Exchanges

The safest way to protect yourself from fraudsters is to buy stablecoins on an exchange that is centralized. To date, however, some websites have introduced various restrictive measures which make it difficult or even impossible for those who are holders of an Russian passport to use these services. You can also use crypto exchanges that are decentralized (DEX), which don’t store the funds of users. Each operation on such the DEX platform is subject to a fee from a specific blockchain.

P2P platform

This model is a partnership model for collaboration in a fair and equal manner. Numerous p2p sites connect people who wish to buy or trade stablecoins. There are many deals available for buying cryptocurrencies for rubles. At the same time the platform itself functions as a guarantee for the transaction. can be completed in two steps:

The buyer will transfer to the seller’s card the amount the buyer would like to purchase stablecoins,

The seller will send the buyer a cryptocurrency that can be put into his cryptocurrency wallet.

You should only use reputable and tested p2p services to avoid losing money. Important: before any transaction make sure you check the amount of orders as well as the percentage of order completion. If there are many orders, this indicates that the seller has reliability. If курс ada of success is not high, and the site is huge and well-known, it does not mean you’ll be “thrown”, but there is the possibility of delays and a slow reaction from the seller.


There are two types of cryptocurrency exchangers.

Online – With the online exchanger users fill out a form , and later receives the payment information (in rubles) then transfers and then receives the cryptocurrency into his account.

Online exchangers provide automatic service. Be sure to verify the amount prior to transferring rubles. Otherwise, the robot could not recognize the payment. The exchanger will charge you a commission between 3-10% of the transaction amount.

Offline exchangers work exactly the same way as bank branches. You can make a payment only by going into the exchanger.

How to remove the restrictions

Cryptocurrencies have become one of the most effective options for saving capital in the face an eroding ruble as well as the inability of purchasing euros or dollars. A similar situation has already occurred in other countries – Venezuela and Turkey.

As an alternative to foreign currencies, stablecoins are the best choice, as they’re basically an electronic version of the dollar. Additionally, they are not subject to volatility, unlike other cryptocurrency.

Experts recommend using stablecoins for operations that are currently impossible in Russia due the restrictions. After completing these tasks, it is better to withdraw stablecoins into cash or decentralized cryptocurrency.