Russia’s Central Bank Launches Research into a National Stablecoin Project
The Central Bank of Russia has officially confirmed it is studying the creation of a national stablecoin, marking a significant step beyond the existing digital ruble pilot. The goal is to build a ruble-pegged digital asset that can function efficiently in cross-border settlements, especially under ongoing sanctions pressure. Unlike the digital ruble (which is primarily domestic), this stablecoin would likely target international trade partners—particularly within BRICS and friendly jurisdictions. Early indications suggest it would be fully backed by reserves and integrated with existing CBDC infrastructure. Analysts believe this move could accelerate digital currency coordination among BRICS nations and reduce reliance on SWIFT for certain transactions. While still in the research phase, the announcement signals Russia’s determination to weaponize blockchain for financial sovereignty. If launched, it could become one of the first state-backed stablecoins designed explicitly for geopolitical resilience. The Gate Square New Year carnival continues to reward creators who keep the conversation alive. Post your take on this or any hot topic—original content + strong interactions still trigger the best red packet rewards. The rain is falling generously for quality posts and real engagement, so jump in and let your voice earn! 🧧🚀 #CelebratingNewYearOnGateSquare
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Russia’s Central Bank Launches Research into a National Stablecoin Project
The Central Bank of Russia has officially confirmed it is studying the creation of a national stablecoin, marking a significant step beyond the existing digital ruble pilot. The goal is to build a ruble-pegged digital asset that can function efficiently in cross-border settlements, especially under ongoing sanctions pressure. Unlike the digital ruble (which is primarily domestic), this stablecoin would likely target international trade partners—particularly within BRICS and friendly jurisdictions. Early indications suggest it would be fully backed by reserves and integrated with existing CBDC infrastructure. Analysts believe this move could accelerate digital currency coordination among BRICS nations and reduce reliance on SWIFT for certain transactions. While still in the research phase, the announcement signals Russia’s determination to weaponize blockchain for financial sovereignty. If launched, it could become one of the first state-backed stablecoins designed explicitly for geopolitical resilience.
The Gate Square New Year carnival continues to reward creators who keep the conversation alive. Post your take on this or any hot topic—original content + strong interactions still trigger the best red packet rewards. The rain is falling generously for quality posts and real engagement, so jump in and let your voice earn! 🧧🚀
#CelebratingNewYearOnGateSquare