Russia exploring stablecoin settlements with friendly nations

Russia is talking to several friendly countries about launching clearing platforms for cross-border settlements in stablecoins, according to a report from Russian news agency Tass.

Russia’s Deputy Finance Minister Alexey Moiseyev said that Russia is currently working with a number of countries to create bilateral platforms in order not to use dollars and euros. Russia offers mutually acceptable tokenized instruments that will be used on these platforms, which are essentially clearing platforms that they are currently developing with these countries.