Russia considers its own stablecoins! After USDT wallets linked to Russia were blocked, a senior Finance Ministry official suggests developing domestic stablecoins pegged to various currencies.

With Western sanctions tightening, stablecoins have become crucial for cross-border transactions. Meanwhile, Tether blocked $30M on Russian exchange Garantex, forcing it to suspend operations.

Despite the Russian central bank’s opposition to crypto for domestic payments, firms are actively testing international transactions. Could Russian-backed stablecoins reshape global finance? 🌍📊

What do you think—economic necessity or a risky move? Drop your thoughts below!