Stablecoin instead of green paper💲 

Russian authorities are considering legalizing stablecoins for cross-border settlements, which could greatly simplify international transactions in the face of sanctions. Stablecoins, being crypto-assets tied to the value of underlying assets (e.g., the U.S. dollar or gold), are less volatile than other cryptocurrencies and therefore more suitable for stable settlements.

It is reported that some large Russian companies, such as metallurgical holdings, have already started using USDT for payments with China🐉

Most likely, the legalization of stablecoins in Russia will trigger retaliatory measures from U.S. regulators, which could have a negative impact on the crypto industry as a whole.

Thus, while the global crypto market may become less stable and less attractive to investors, Russia sees promising prospects in using stablecoins for international settlements, particularly with BRICS countries and regions aiming to reduce reliance on traditional financial systems.