Anatoly Aksakov, head of the State Duma Committee on the Financial Market, confirmed that Russia and Iran are interested in creating their own stablecoin for international deals.
According to Kommersant, after meeting with Iranian diplomats, Anatoly Aksakov confirmed the interest of Iran and Russia in creating a gold-backed cryptocurrency. Previously, the media already reported that the governments of the two countries are considering switching to stablecoins in mutual agreements.
“I talked about gold, gold bullion, refiners can provide it… and digital financial assets are issued against these gold reserves, and then act as a means of payment, for example, in mutual agreements between Russia and Iran.”
The head of the State Duma Committee on the Financial Market also clarified that fluctuations in the Iranian currency amid a large debt for the supply of goods from Russia became the reason for the development of the stablecoin. According to Aksakov, the existing agreements show that Moscow and Tehran are moving in the right direction.
Author:
Grigory Shcheglov
Source: RB
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