Russia has approved the issuance of stablecoins

Elvira Nabiullina announced the start of a new phase in the Central Bank’s digital policy.

Bank of Russia approves issuance of stablecoins for foreign economic operations

03.11.2025 - 12:25

261

2 min

Key points:

The Bank of Russia Governor, Elvira Nabiullina, said that stablecoins backed by real assets such as the dollar, euro, or gold can now be issued in the country.
However, they cannot be used within Russia — they are intended exclusively for international settlements.
The Central Bank, together with the government, is preparing rules for the legal use of digital assets on an experimental basis.

The Bank of Russia Governor Elvira Nabiullina has announced that stablecoins, cryptocurrencies whose value is pegged to real assets such as the dollar, euro, or gold, can now be issued in the country.

However, their use within the country will not be permitted. According to Nabiullina, stablecoins are intended exclusively for international settlements. This was reported by TASS. Speaking in the State Duma, the head of the Central Bank emphasized:

“Yes, stablecoins can be issued. But we are making it clear that there are no plans to use them within the country. Only for settlements with foreign partners.”

Advantages of stablecoins

According to Nabiullina, the use of such cryptocurrencies will help attract foreign investment and strengthen Russia’s position in international trade.

The Central Bank, together with the government, is also developing rules for legal investments in cryptocurrency. Work with digital assets will be carried out on an experimental basis and will only concern foreign economic operations.

On October 23, the European Union introduced another package of sanctions, which is aimed, among other things, at Russia’s financial infrastructure. The ruble-pegged stablecoin A7A5 was hit.

Author: