Russia Restricts Foreign Stablecoins: Tether and Similar Coins Face Market Limitations

Russia has implemented new regulations impacting foreign stablecoins, with the central bank prohibiting those featuring blocking features. This move affects major players like Tether (USDT) and could increase reliance on local digital financial assets within Russia. The new rules, enforced from May 26, aim to strengthen domestic financial independence and limit cross-border payments and trading volumes.