Russian Finance Ministry official says national stablecoin should be launched to adapt to global payment changes

Odaily News Ivan Chebeskov, head of the digital financial assets department of the Russian Ministry of Finance, said that Russia should launch its own stablecoin to adapt to the evolution of the global payment system. He pointed out that the current global payment system is undergoing fundamental changes, and many countries are developing their own digital currencies, and Russia should not be absent. He also emphasized that stablecoins can play an important role in international settlements, especially in the context of limited existing payment channels. Previously, the Central Bank of Russia has begun testing the digital ruble. (Reuters)