According to Jinshi, at least two of Russia's top metal producers have begun using Tether Holdings' stablecoin and some other cryptocurrencies to settle some of their cross-border transactions with suppliers. Ivan Kozlov, a digital currency expert and co-founder of Resolv Labs, said that for countries facing dollar liquidity problems and capital controls, cross-border settlement through cryptocurrencies, especially stablecoins pegged to the dollar, is a relatively common practice. The move also indicates a shift in the Russian Central Bank's attitude towards the industry. Previously, the Russian Central Bank had considered a complete ban on the use and creation of all cryptocurrencies, but in November last year, the Governor of the Russian Central Bank told Parliament that she supported experimenting with this payment method in international transactions.