According to Cryptoslate, Izvestia reported, citing the Russian Central Bank, that the Russian government is considering formally legalizing stablecoins for international transactions to simplify cross-border payments for Russian companies. According to the report, the Central Bank of the Russian Federation (CBR) is actively discussing proposals to allow the use of these crypto assets, which are pegged to stable currencies or assets such as the US dollar or gold, making them less volatile than other cryptocurrencies. CBR Deputy Chairman Alexey Guznov confirmed the move and stressed that the main focus is on regulating the entire transaction chain, from transferring these assets to Russia to accumulating and using them for cross-border payments. Guznov said that this could be established as a permanent regulation rather than a temporary experiment.
