Cryptocurrencies After Russia-Ukraine War: Top 5 Gainers

2. Tether

Tether has also witnessed a massive increase in trading volume and an accompanying boost in price after the Russian invasion of Ukraine. It was one of the first cryptocurrencies accepted by the Ukrainian government as it appealed for funds from across the globe. The Tether coin, which usually trades around $1, is trading at way above this rate on crypto exchanges in the war-torn Ukraine. 

Interest in Tether has also increased in Russia where sanctions by Western nations have literally floored the banking system and people are looking at alternative ways of managing their money and other assets. Threats of inflation in Ukraine have also forced people to look towards investments in Tether.