Russia’s Crypto Crackdown Intensifies: USDT Faces Scrutiny Amid Privacy Concerns

Russia is ramping up its oversight of the cryptocurrency sector, with Rosfinmonitoring, the country’s anti-money laundering agency, declaring that crypto transactions are not anonymous. User data is being shared with law enforcement without court orders, signaling a major erosion of privacy. This development follows recent restrictions on Tether (USDT) and a crackdown on illegal mining operations. Despite lacking formal regulations, the Russian government is taking aggressive steps to monitor and control crypto activities, raising concerns among investors and users about the future of digital assets in the region.

Russia Tightens Crypto Oversight, Shares User Data Without Court Orders

Russia is escalating its crackdown on the cryptocurrency sector, with Rosfinmonitoring, the nation’s anti-money laundering agency, asserting that crypto transactions are not anonymous. User data is being shared with law enforcement without judicial oversight, marking a significant erosion of privacy.

The move follows recent restrictions on Tether (USDT) and a clampdown on illegal mining operations. Despite lacking formal legal status, cryptocurrency exchanges in Russia are reportedly cooperating with authorities, further tightening state control over digital asset activities.

$2B USDT Minted on Tron Network as Daily Transactions Surge 95%

The TRON network, founded by Justin Sun, is experiencing a resurgence in on-chain activity. Daily transactions have surged 95%, climbing from 4.3 million to 8.4 million between early 2024 and mid-May 2025. This uptick coincides with the minting of $2 billion in USDT, signaling renewed liquidity demand and user adoption.

Analysts attribute the growth to Tron’s repositioning as a hub for stablecoin transactions and decentralized finance. The network’s low fees and high throughput continue to attract developers and traders alike. CryptoQuant data confirms the transactional momentum, though sustainability remains a key question.

TRON Blockchain Sees 95% Surge in Daily Transactions Over One Year

The tron blockchain has demonstrated remarkable growth, with its average daily transaction volume nearly doubling from 4.3 million in early 2024 to 8.4 million by mid-May 2025—a 95% increase. This metric, measured using a 30-day moving average, underscores sustained momentum rather than fleeting spikes.

Two notable peaks punctuate this trajectory: a record 10.46 million transactions on October 24, 2024, followed by 9.47 million on May 15, 2025. Since February 2025, the network has maintained exceptional stability, rarely processing fewer than 8 million daily transactions. Such consistency reflects deepening user engagement and network resilience.

Driving this adoption is the dominant use of Tether (USDT) on TRON, which has become a cornerstone of the ecosystem’s utility. The stablecoin’s liquidity and cross-border efficiency continue to attract both retail and institutional activity.