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]
Next:

Related Articles

  • Bitcoin Surges to New Highs, Momentum Points to Further Gains 3 days ago
  • Circle Intensifies Stablecoin Push with Key Exchange Partnerships 4 days ago
  • Trump's "Big and Beautiful" Bill Passes: Biden and Harris Criticize, Financial Expert O... 10 days ago
  • Silicon Valley Giants, Trump Ally Launch 'Crypto Bank' Erebor, Aiming to Fill SVB Void 11 days ago
  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 17 days ago

    • You need to login to comment.