Russia Finance Ministry Calls to Create Its Own Crypto Stablecoin
In what would be a major development for the country and the industry, Russia has seen its Finance Ministry call for it to create its very own crypto stablecoin. Indeed, the nation has discussed the idea after digital wallets linked to the country were blocked from holding Tether’s USDT stablecoin last month. Over the last several weeks, geopolitical tensions have increased amid the United States’ Liberation Day tariff plan. The move has sparked a brewing trade war, as the US dollar has continued to weaken in the process. Now, Russia is among a host of nations looking to create their own alternative currencies to the greenback. JUST IN: Russian Finance Ministry calls to create its own crypto stablecoin. — Watcher.Guru (@WatcherGuru) April 16, 2025 Also Read: China and Russia Begin Settling Trade Transactions Using Bitcoin Russia Eyes Creation of Its Own Stablecoin In Major Crypto Shift Over the last several years, the BRICS economic alliance has sought to lessen internation...