Stablecoins As A New Frontier: Russia Seeks Alternatives For Cross-Border Payment System

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Bitcoinist 3d ago

Stablecoins As A New Frontier: Russia Seeks Alternatives For Cross-Border Payment System - Bitcoinist

Quick Summary:

Stablecoins continue to witness notable adoption as the world’s largest country Russia is investigating the use of stablecoins for international payments in light of the growing financial strain imposed on it by international sanctions and economic difficulties.

They provide a combination of the efficiency and flexibility of digital assets with the stability of conventional financial institutions.

The MiCA law highlights the growing significance of precise jurisdiction in the digital asset field, poised to be a historic regulatory framework for the cryptocurrency market.