<ul><li>A senior Russian finance official has called for the development of a national stablecoin following the US government’s freeze of wallets linked to the sanctioned crypto exchange Garantex.</li><li>Russia is considering the development of a stablecoin pegged to a different currency, such as the ruble, to reduce reliance on foreign-backed digital assets.</li><li>The push for a Russian stablecoin comes amid a surge in global stablecoin usage, with active stablecoin wallets rising over 50% year-over-year, and total market capitalization surpassing $200 billion.</li><li>China and Russia are reportedly using Bitcoin to settle certain energy transactions, signaling a shift away from the US dollar in global trade.</li></ul>

Russia Eyes National Stablecoin After US Freezes Garantex-Linked Wallets

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