Russia is considering allowing the use of stablecoins for international payments. Alexey Guznov, Vice President of the Bank of Russia, said this issue has been proposed and is being discussed.

Some Russian and Chinese companies have used stablecoins for transactions, but the scale remains small. The Governor of the Bank of Russia, Elvira Nabiullina, said the bank has become softer on the use of crypto to avoid sanctions from the West.