BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Russia Exploring Creation of National Stablecoin Amid US Sanctions
Russia Exploring Creation of National Stablecoin Amid US Sanctions
15
1
Stablecoins are predicted to hit $2 trillion by 2028, and Russia is the latest nation to explore its own stablecoin. Osman Kabaloev, Russia’s deputy head of the Finance Ministry, has stated that the country should be developing its own stablecoin. This move comes following a recent freeze on wallets linked to the sanctioned Russian exchange Garantex by US authorities and stablecoin issuer Tether. By creating its own stablecoin, Russia aims to avoid being at the mercy of Tether and US authorities. No specific details on the proposed stablecoin have been released yet.
By:
Previous
Kyrgyzstan President Brings CBDC a Step Closer to Reality
Next
Slovenia to Impose 25% Tax on Crypto Traders from 2026
