Russia’s Biggest Bank Considers Launching Its Own Stablecoin

[ije07]

Stablecoin supported by the central bank is the safest. but hopefully this news isn't just a rumor. If the Russian central bank is serious about developing crypto, this could be a huge advance. there will be many central banks from other countries who will follow this. and hopefully they can release the Stablecoin as soon as possible.

you must understand that they are not doing this in order to bring some benefit to the cryptocurrency market, but only in their own interests. this coin cannot be trusted

yes, I don't think this program will bring huge profits in the cryptoqurrency industry. as I know there are many companies that make their own coins for the benefit of their company. But on the other hand if Russian Banks are to release their own coins soon, at least it can attract the attention of other companies who don't know about blockchain technology yet.

[kawetsriyanto]

Wow, many more countries are interested in creating their own cryptocurrency. Well, this is good for the development of crypto in the future. However, we can see how the influence of the crypto world of their own crypto. As long as they do not forbid the other cryptocurrencies aside their own, I think that it doesn't matter. however, can their crypto be successful? probably, as we know that many Russians are involved in the crypto world.

[irixo10]

I think one will be right for saying that this year is filled with many positive news which in each case displays and opens up the potential of crypto while also correcting different mindsets about crypto in addition to attracting more users. Also, as a bank I am not surprised they are creating a stable coin but for the fact they are taking such step towards creating a Crypto is a proof that no organisation or platform is willing to lag behind and lose their users, thus reason even PayPal is working towards adopting crypto as well.

[shollyen]

There are some countries that have been known right from time to be ardent supporters of cryptocurrency and blockchain technology and Russia is one of them. I knew this country would come out with something one of these days and many countries are still warming up. Perhaps when they see what Russia has done, they will be spurred into doing the same.

[Rengga Jati]

It is not surprising if Russia’s Bank considers launching Stablecoin. Russia is the country that has big crypto users, and they also may plan to follow China to take a big role in the crypto business. However, I am still not sure this will be true 100% as there are too many rumors about crypto from Russia which finally ends with no real realization. For me, we only can speculate about this for now.

[Argoo]

I do not think that it is possible, creating own money is illegal in every country. It would be different if Russian´s central bank create stable coin backed by Ruble, something like Digital Ruble, but do you think that it is possible that a private bank could create an alternative to the Ruble?

Sberbank, one of the largest state-owned banks in this country, wants to issue a stable coin in Russia. Therefore, here we are talking, most likely, about the creation of a national stable coin, that is, a digitized ruble. Most states are now working to create national stablecoins, which are much more profitable for states to use compared to paper money. Therefore, in Russia, in any case, they will create their own digitized ruble.

[bits4books]

As far as I know - in Russia, the real policy on cryptocurrency is very simple, namely: until the FSB allows it (and will only allow it if it sees full transparency along with passport data), no one will do anything. The head of Sberbank German Gref is already an old man and very often his similar statements about all sorts of it projects cause only another portion of laughter in his address because everyone understands everything. FSB is the king here.
I would not look at Russia as a progressive place in terms of attitude to cryptocurrencies while there is such a state of politics as it is now

[btc_angela]

It is not surprising if Russia’s Bank considers launching Stablecoin. Russia is the country that has big crypto users, and they also may plan to follow China to take a big role in the crypto business. However, I am still not sure this will be true 100% as there are too many rumors about crypto from Russia which finally ends with no real realization. For me, we only can speculate about this for now.

Probably, they are mostly following China's footsteps and thinking that it will be a huge success. But we can really say that for certain, there could be hurdles specially if Russians are not going to patronise it sort to speak. But for now let's consider this a positive steps. I know it's a bit controversial seeing countries having their own back crypto coins. But this is the future so everyone is moving on that direction.


Thanks to everyone who have replied, as I'm going to lock this thread to stop the spam.