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Russia's Central Bank Begins Testing Stablecoins Pegged To Real Assets

Ramsey Baker

Summary: The Bank of Russia, the country’s central bank, has allegedly started to test stablecoins that are pegged to real assets in a regulatory sandbox. Russia’s central bank head Elvira Nabiullina said that the bank currently doesn’t assume that stablecoins will become a substitute for fiat currency or will become a means of payment. Nabiullina did ...

The Bank of Russia, the country’s central bank, has allegedly started to test stablecoins that are pegged to real assets in a regulatory sandbox.

Russia’s central bank head Elvira Nabiullina said that the bank currently doesn’t assume that stablecoins will become a substitute for fiat currency or will become a means of payment. Nabiullina did note that the Bank of Russia is studying the potential uses of stablecoins.

By Ramsey Baker

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