Russia’s Central Bank Launches Research into a National Stablecoin Project

The Central Bank of Russia has officially confirmed it is studying the creation of a national stablecoin, marking a significant step beyond the existing digital ruble pilot. The goal is to build a ruble-pegged digital asset that can function efficiently in cross-border settlements, especially under ongoing sanctions pressure. Unlike the digital ruble (which is primarily domestic), this stablecoin would likely target international trade partners—particularly within BRICS and friendly jurisdictions. Early indications suggest it would be fully backed by reserves and integrated with existing CBDC infrastructure. Analysts believe this move could accelerate digital currency coordination among BRICS nations and reduce reliance on SWIFT for certain transactions. While still in the research phase, the announcement signals Russia’s determination to weaponize blockchain for financial sovereignty. If launched, it could become one of the first state-backed stablecoins designed explicitly for geopolitical resilience.
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