US EditionRussian Stablecoin: Moscow responds to $30 million freeze and challenges Western financial system
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Summary: Russia is about to launch its own stablecoin following USDT portfolio blockage More than US$30 million USDT owned by Russians have been frozen by Tether The Russian Ministry of Finance is working on national alternatives to Western stablecoins This step is part of a digital sovereignty strategy against sanctions A Russian stablecoin could be backed by the rouble, Chinese yuan or the emirati dirham Geopolitical frictions are now spreadin…
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