Iran And Russia Want To Issue New Stablecoin Backed By Gold

According to reports, the Central Bank of Iran and the Russian government are working together to issue a new stablecoin that is backed by gold to be used in overseas trade.

Iran and Russia are collaborating to develop a "token of the Persian Gulf region" that would be used as a form of payment in international trade, according to the Russian news agency Vedomosti.

According to Alexander Brazhnikov, executive director of the Russian Association of Crypto Industry and Blockchain, the t...

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