Russia Urged to Develop National Stablecoin Amid Global Payment Transformation

Ivan Chebeskov, head of the Digital Financial Assets Department at the Russian Ministry of Finance, has called for Russia’s development of a national stablecoin. This move aligns with the rapid evolution of global payment systems, as several countries are actively pursuing their own digital currencies. Mr. Chebeskov urges Russia not to fall behind in this trend. He believes that stablecoins could play a key role in international settlements, particularly when traditional payment channels experience disruptions or restrictions.