Russia is Pushing For Development of a National Stablecoin

The Russian Finance Ministry is pushing for the development of a national stablecoin to reduce reliance on foreign-controlled digital currencies like USDT, following Tether’s freeze of over $27 million in assets linked to the sanctioned Russian crypto exchange Garantex. Osman Kabaloev, deputy head of the Ministry’s Financial Policy Department, emphasized the need for domestic alternatives, [...]The post Russia is Pushing For Development of a National Stablecoin appeared first on Tekedia.

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