Russia to consider issuing domestic stablecoin

Russian regulators intend to reconsider their currently conservative stance on fiat-pegged stablecoins and actually study the possibility of minting one this year. The statement, made by a top central bank executive, comes amid increasing pressure on a ruble-backed stablecoin issued in Kyrgyzstan and actively used by Russian entities to circumvent sanctions. Bank of Russia to […] source: https://www.cryptopolitan.com/russia-to-consider-domestic-stablecoin/