Dec 8, 3:27 pm
Founder of Sanctioned Exchange Exved Launches Tether Desk
Exved, a Russian firm launched by Sergey Mendeleev’s InDeFi Bank, aims to facilitate exchanges between Tether, rubles, and the dollar. Mendeleev, also the founder of Garantex, a sanctioned entity, claims that Exved’s mechanics have been approved by the Bank of Russia. Despite Garantex losing its license in Estonia due to AML/CFT deficiencies and connections to criminal activity, Mendeleev continues to be involved in the stablecoin ecosystem.