The post Bank of Russia to Review Ruble Stablecoin Plan appeared on BitcoinEthereumNews.com.

The Bank of Russia will study issuing a ruble-pegged stablecoin. Officials cite sanctions and global practices as key factors. Findings will be released for public discussion before any decision. Russia’s central bank, the Bank of Russia, on February 12 announced plans to examine whether it should issue a ruble-backed stablecoin, marking a shift from its previous opposition to fiat-pegged digital tokens. First Deputy Governor Vladimir Chistyukhin announced the study at the Alfa Talk conference in Moscow, which focused on digital financial assets and market structure. He said the regulator’s traditional position has been to reject stablecoins tied to national currencies. However, officials now intend to reassess that stance. “We plan to conduct a study this year to reassess the situation,” Chistyukhin said. He added that the central bank will evaluate both risks and potential benefits. After completing the review, it will present its findings for public discussion. The central bank has not committed to issuing a stablecoin. The initiative remains at the research stage. Sanctions Reshape Payment Strategy Western sanctions have reshaped Russia’s financial environment. Following the war in Ukraine, many Russian banks lost access to major global payment networks. Cross-border transactions became slower and more complex. Authorities began searching for alternative settlement tools. Cryptocurrency use expanded under an experimental legal framework. The government also allowed certain cross-border crypto payments and investments in derivatives linked to digital assets. According to Russia’s Ministry of Finance in a separate update, daily cryptocurrency trading volumes in the country have reached about 50 billion rubles, or roughly $650 million. Officials say digital assets now play a role in some international settlements. A ruble-pegged stablecoin could offer another option. It could allow faster settlements and reduce reliance on foreign currencies in trade with partner countries. Focus on Existing Stablecoin Activity The discussion comes as attention…

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Filed under: News - @ February 14, 2026 6:21 pm