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Will Russia launch its own stablecoin?

Will Russia launch its own stablecoin?

Following recent sanctions on the Russian crypto exchange Garantex, Osman Kabaloev, an official at the Russian Ministry of Finance, calls for the development of a national stablecoin.

Blockchain is a decentralized digital ledger in which transactions are recorded.

Blockchains make it possible to store data and transactions transparently and securely without a central administrator. They form the foundation for cryptocurrencies, smart contracts, and decentralized apps.