Russia’s Central Bank will study the risks and benefits of a ruble-pegged stablecoin this year, First Deputy Governor Vladimir Chistyukhin said at the Alfa Talk conference in Moscow. The research will learn from other countries and lead to public discussion. The move comes as crypto use in international trade grows amid sanctions, with a daily turnover of 50 billion rubles. A ruble stablecoin could give the private sector more flexibility, complementing the ongoing digital ruble pilot, while foreign-pegged private coins remain restricted.