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by: xpoolPosted on: April 17, 2025

Russia Pursues Domestic Stablecoin Amidst USDT Sanctions

Facing financial pressure from sanctions, Russia is exploring the creation of its own stablecoin. This move comes as Tether, a popular USD-pegged cryptocurrency, has been restricted for local transactions. The Russian Finance Ministry acknowledges that these restrictions have highlighted vulnerabilities in relying solely on foreign stablecoins.

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  1. Russia Proposes National Crypto Stablecoin Amidst Sanctions
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  3. Russia Proposes Stablecoin Alternative Amidst USDT Freeze
  4. Ripple USD Experiences Doubled Trading Volume, Driven by Ecosystem Advancements
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