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by: xpoolPosted on: April 18, 2025

Russia Considers Domestic Stablecoin amid Tether Wallet Freeze

Facing a recent freeze on USD-pegged stablecoins, Russia’s finance ministry is exploring the creation of a domestic cryptocurrency similar to Tether (USDT). The proposal aims to alleviate risks associated with dependence on foreign currencies. 2.5 billion rubles in USDT were recently frozen by Tether, prompting concerns over instability for the Russian crypto market.

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  3. Russia Urged to Develop National Stablecoin Amid Global Payment Transformation
  4. Russia’s Stablecoin Initiative: A Potential Shift in Global Finance
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