#RussiaStudiesNationalStablecoin

Russia is exploring the possibility of issuing a national stablecoin, a digital currency backed by the state that could complement existing financial tools like the digital ruble. This reflects a shift in the country’s approach to digital assets, as authorities have previously been cautious about stablecoins due to financial stability concerns.
Key points:
The Bank of Russia is conducting a formal study to assess the feasibility, benefits, and risks of a sovereign stablecoin. This is an early step and not a decision to launch.
The research will examine how a national stablecoin could fit into Russia’s broader digital finance strategy, including regulatory implications and potential economic impact.
There is no official timeline for launch yet; any future issuance would likely involve a multi-year pilot and detailed regulatory frameworks.
This initiative places Russia among several countries exploring state-backed digital currencies as part of their financial infrastructure strategy and reflects growing global interest in digital money solutions.