Express

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

Last Update:

Tags: ,,,,
Link: Russia's Central Bank Begins Testing Stablecoins Pegged To Real Assets   [Copy]
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 2 hours ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 4 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 6 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 8 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 11 days ago
  • You need to login to comment.