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Russia Finance Ministry Calls to Create Its Own Crypto Stablecoin
Russia Finance Ministry Calls to Create Its Own Crypto Stablecoin
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In a major development for the country and the industry, Russia’s Finance Ministry has called for the creation of its own crypto stablecoin. This comes after digital wallets linked to the country were blocked from holding Tether’s USDT stablecoin last month. Over the last several weeks, geopolitical tensions have increased amid the United States’ Liberation Day tariff plan, sparking a brewing trade war and weakening the US dollar. Russia is now among a host of nations looking to create their own alternative currencies to the greenback.
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