Russia to Consider Ruble-Pegged Stablecoin to Challenge US Dollar Dominance

A senior official from Russia’s Finance Ministry has called for the development of stablecoins linked to foreign currencies after wallets connected to Russian users and holding USDT were frozen last month. The move comes as US-backed stablecoins dominate global liquidity and Washington moves closer to introducing new regulations for the sector.   Russia Might Enter the Stablecoin Market The ongoing pro-regulatory shift is drawing in new projects targeting the US market. Russia, facing growing financial restrictions, sees a digital alternative as increasingly necessary source: https://beincrypto.com/russia-ruble-stablecoin-us-dollar-dominance/