Russians seeking to evade sanctions set up a platform for USDT transfer!

Russian importers and exporters will now be able to use the business-to-business (B2B) solution to simplify the process of "currency transactions and foreign economic activity," the digital payment platform Exved said in a statement.

Exved's launch was attended by major industry stakeholders, including InDeFi Bank, which launched its decentralized crypto-ruble project last year. "The platform works only with legal entities in compliance with Anti-Money Laundering and Counter-Terrorist Financing measures," Exved said in a statement, adding:

"The aim of the project is to help Russian legal entities make cross-border payments at minimum market prices without intermediaries."

The platform passed the tests Sergey Mendeleev, co-founder and CEO of InDeFi Smart Bank, said that Exved's internal mechanics have been tested and approved by the Central Bank and the Federal Financial Monitoring Service of the Russian Federation.

"The project itself is, of course, a private initiative in general. It aims, first of all, to show people that they can pay 2-3 percent instead of 6-7 percent, and to provide certain mechanisms to fulfill payment requests," Mendeleev said.

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