Russia’s Sberbank would launch its own stablecoin

The biggest state-owned Russian bank has plans for its own stablecoin project. They want to launch it in spring. They have reportedly solved a wide range of problems, the only which’s remain, the taxation.

russia bank stablecoin
Sberbank stablecoin

The BTC isn’t a big favorite in Russia, among other decentralized cryptocurrencies. Despite this, mining is a supported industry. Additionally, the state also won’t mind the issuing of an own crypto asset.