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Cryptoknowmics 2023-01-18 07:45:58

Iran and Russia Discuss the Launch of a Possible Gold-Backed Stablecoin

According to a report quoting the head of the crypto industry organization in the Russian Federation, the central bank of Iran and Russia is considering the possibility of creating a stablecoin to facilitate trade in the Persian region. The coin could be accepted as a means of payment in international settlements, the Executive Director of the Russian Association of Cryptoeconomics, Artificial Intelligence and Blockchain (Racib), Alexander Brazhnikov, told the business daily Vedomosti that there is a possibility that the token will be backed by gold. Why Are Iran and Russia Planning to Launch Their Stablecoin? Russia and Iran, both under Western The post Iran and Russia Discuss the Launch of a Possible Gold-Backed Stablecoin appeared first on Cryptoknowmics-Crypto News and Media Platform .

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