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Russia Considers Creating Its Stablecoin Following the Freeze of USDT Wallets

  • Russia is considering creating its stablecoin following the freeze of USDT wallets linked to Russian organizations.
  • The initiative aims to achieve financial independence amid tightening restrictions from Western sanctions.
  • The recent freeze of USDT wallets on the Russian crypto exchange Garantex led to the need for internal alternatives to stablecoins.
  • The development of a Russian stablecoin could enhance the resilience of the economy under international sanctions and restrictions.

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