Russian commodity companies trying to conduct financial transactions with their Chinese counterparts have begun using a new method for deal-making—stablecoins. Additionally, they have started trading via barter, citing Bloomberg. According to the agency, at least two of the largest metal producers, both of which are not under sanctions, have started using the stablecoin Tether, which is pegged to the dollar at a 1:1 ratio. In some cases, settlements are made through Hong Kong. Bloomberg notes that the fact that major Russian firms are now turning to blockchain two years after the invasion of U…