Digital Ruble and the Future of Stablecoins - LinkedIn

Bank of Russia opposes private stablecoins in the country

Bank of Russia: Digital Ruble Is the Only Alternative to Private

In a fresh episode of

In a fresh episode of the longstanding battle between the Central Bank of Russia (CBR) and the country's Ministry of Finance, representatives of the former have

Russian central bank opposes ruble-pegged

Bank of Russia considers digital ruble preferred alternative to

In the latest dialogue between

In the latest dialogue between authorities, the central bank has criticized the Finance Ministry’s idea of supporting private stablecoins, which could be launched by private

Payment infrastructure for digital ruble to become available: Bank

By, major banks will have to give their clients an opportunity to conduct transactions with digital rubles, namely to open digital ruble accounts and deposit

The Bank of Russia considers

Russia's Central Bank Prefers a Digital Ruble Over Private Stablecoins

Bank of Russia prefers digital Ruble over private Stablecoins

The Bank of Russia considers digital ruble a preferred alternative to private stablecoins having all advantages of the digital payment means and the reliability of a full

Private stablecoins

Private stablecoins “are characterized by higher risks,” as the pool of assets that underly are not held by the owner, nor the price is virtually stable.

A representative of Russia’s Central Bank recently denounced private stablecoins in favor of a possible digital ruble. He claimed that the former is unsafe because its