Is Russia Eyeing Its Own Stablecoin

Simran

Russia plans its own stablecoin to manage trade payments and reduce reliance on Western digital assets

USDT freeze on Russian exchange Garantex pushed the Finance Ministry to explore stablecoin alternatives

Stablecoin could be tied to foreign currencies like UAE’s dirham to bypass global sanctions

Russia eyes stablecoins for imports and exports while its digital ruble CBDC faces rollout delays

Experimental crypto trade programs support tokenized assets like gold for cross-border payments

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