Russia’s central bank is considering using stablecoins in cross-border settlements, but only as a supplement to the digital ruble, the central bank governor said at a financial congress.
According to Odaily, the central bank remains concerned about using stablecoins for domestic settlements.
The central bank is discussing the possible launch of a ruble-pegged, state-controlled stablecoin and is analyzing whether it is appropriate to combine such an instrument with a central bank digital currency in cross-border transactions.
The central bank also proposed stablecoin regulatory rules last week, with a core principle that all transactions should be conducted under state control.
Russia’s Central Bank Considers Stablecoins for Cross-Border Settlements as Digital Ruble Supplement
2026-07-03 00:53:55
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