Russia's Finance Ministry has proposed creating a domestically-backed crypto stablecoin, driven by recent events such as the blocking of Russian digital wallets from holding Tether's USDT.
This move is part of a broader effort by Russia and the BRICS alliance to reduce reliance on the US dollar amid geopolitical tensions and a weakening greenback.
The proposed stablecoin aims to provide an alternative to existing international payment systems and strengthen Russia's financial independence. Show Less
