#RussiaStudiesNationalStablecoin: Russia's New Digital Currency Initiative
Russia has rapidly advanced its strategic planning in the stablecoin sector. According to recent reports, Russia's central bank and financial regulators are thoroughly exploring options to launch a national stablecoin. This initiative is important because it introduces a digital currency within a state-backed framework while avoiding the volatility associated with traditional cryptocurrencies.
A stablecoin is a type of cryptocurrency whose value is pegged to a stable asset—such as the US dollar, Euro, or gold. Russia's