Russia’s Ministry of Finance official floats the country that creates private Stablecoins: Report

According to the Russian Finance Ministry, an official at the Russian Finance Ministry said that the country must develop its Stablecoin after a recent freeze on the governor linked to the Russian exchange that was approved by the American authorities and reached the source of Stablecoin.

The deputy director of the Finance Policy Department of the Ministry of Finance, Osman Kabaliv, said that the Kremlin should explore the ability to develop Stablecoin such as Tether’s (USDT) to avoid similar measures in the future, According to To April 16 Reports By Reuters and state -owned news agency TASS.

“We do not impose restrictions on the use of Stablecoins within the experimental legal system. Recent developments have shown that this tool can pose risks to us,” Caplaiv told Tass.

“This leads us to consider the need to develop internal tools closer to USDT, which is likely to be linked to other currencies.”

On March 6, the US Department of Justice I collaborate With the authorities in Germany and Finland to freeze the domains associated with GARANTEX, which the authorities have claimed to address more than $ 96 billion in criminal revenue since its launch in 2019.

StableCoin Tether also freezed $ 27 million from Stablecoin on March 6, forcing GARANTEX to stop all operations, including withdrawals.

The US Treasury Office struck the control of foreign assets GARANTEX for the first time with penalties in April 2022 due to violations of alleged money laundering.

It was claimed that Garantex had returned to appear under a new name after it washed millions in Robled Stablecoins and transferred to a newly created exchange.

Russia is already making encryption moves

Meanwhile, Evjini Mashrouf, a member of the Russian Civil Chamber, suggested on March 20 to create a Russian government encryption fund that includes the assets confiscated of criminal procedures.

Related to: $ 1T Stablecoin Supper

At the same time, other officials were advancing on new legislation on recognition of encryption as property for the purposes of criminal procedures legislation.

The market value in Stablecoin has fully grew since mid -2013, exceeding $ 200 billion in early 2025. A joint report of the onchain artemis and Dune analysis platforms showed that active Stablecoin wallets increased by more than 50 % in one year.

Stablecoins also witnessed a tremendous adoption in 2024, driven by increasing the use of robots, with total Stablecoin sizes of $ 27.6 trillion, bypassing the shared folders of the visa and master by 7.7 %.

magazine: Defi will rise again after the death of Memecoins: Sasha Ivanov, X Hall of Flame