Russia is working with friendly countries to build a stablecoin cross-border settlement platform

Russia’s Deputy Finance Minister Alexey Moiseyev said on Tuesday that Russia is working with several friendly countries to establish a settlement platform for stablecoin cross-border settlements, according to Russia’s TASS news agency. Alexey Moiseyev stated, “We are currently working with some countries to create bilateral platforms so that we don’t use dollars and euros. We provide mutually acceptable tokenization tools that will be used on these platforms, which are essentially the same as we are currently working with. Clearing platforms developed by these countries. Stablecoins can be linked to some recognized instruments, such as gold, and their value is clearly visible to all participants.” Previously reported by Foresight News, Alexey Moiseyev, Deputy Minister of Finance of Russia, said that Finance The Ministry of Finance and the Central Bank of Russia have reconsidered their approach to cryptocurrencies and see the need to legalize cross-border payments in cryptocurrencies in the near future.