Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit
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Russia may issue a stablecoin backed by gold to use in international settlements, a high-ranking member of the Russian parliament has admitted. The matter has been discussed during a recent visit to Iran where officials have also signaled interest in such an initiative. Iran and Russia Talk Stablecoin Payments for Bilateral Trade Settlements The Russian Federation is considering the creation of a stablecoin backed by gold that can be employed for cross-border settlements, including with Iran, the chairman of the Financial Market Committee at the lower house of Russian parliament, Anatoly Aksakov, told the Parlamentskaya Gazeta newspaper. “We discussed the
Show AI SummaryUS freezes $344 million in USDT, impacting Iranian wallets and financial transactions.Tether’s support of US authorities in freezing funds raises concerns over stablecoin centralization and human impact.The update turns a Tron decentralization debate into a wider sanctions enforcement story. The Trump administration has said the record $344 million…
Source: AdobeStock / evgris Russian parliamentarians, authorities officers and finance chiefs stay deeply divided on the problem of crypto regulation – with a number one lawmaker indicating that... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source…
The Iranian government has announced strict new limits on stablecoin transactions as its national currency, the rial, continues to collapse. The directive imposes tighter rules amid renewed UN sanctions and mounting economic strain. Public distrust of government policies is also fueling the shift toward digital assets. Iran Limits Stablecoin Holdings…