Russia's Finance Ministry and Central Bank begin work on national stablecoin
- —Finance Ministry and Central Bank are studying how a national stablecoin would work
- —No decision on a specific model or project has been made yet
- —Authorities are assessing the asset's architecture, use cases and market participants
- —The goal is to gauge real economic demand and associated financial risks
Why it matters: A Russian stablecoin could become a major settlement tool outside the dollar system and reshape demand for existing stablecoins.
Source: Код Дурова