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Russia drafts stablecoin bill to weaponize cross‑border crypto rails – TON BOT

Russia drafts stablecoin bill to weaponize cross‑border crypto rails

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Russia is fast-tracking a law specifically for stablecoins to create a payment infrastructure resistant to sanctions. The Central Bank of Russia treats stablecoins as “foreign digital rights,” with ruble-pegged stablecoins approved for overseas trade. The Ministry of Finance is preparing a separate bill to regulate stablecoins pegged to fiat currencies. Policymakers see stablecoins as strategic financial infrastructure rather than speculative assets. This move aims to bypass Western sanctions and support cross-border payments as traditional banking channels are under pressure. If successful, it could create a parallel, sanctions-resistant liquidity pool for cross-border payments.

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