According to a report quoting the head of the crypto industry organization in the Russian Federation, the central bank of Iran and Russia is considering the possibility of creating a stablecoin to facilitate trade in the Persian region. The coin could be accepted as a means of payment in international settlements, the Executive Director of the Russian Association of Cryptoeconomics, Artificial Intelligence and Blockchain (Racib), Alexander Brazhnikov, told the business daily Vedomosti that there is a possibility that the token will be backed by gold. Why Are Iran and Russia Planning to Launch Their Stablecoin? Russia and Iran, both under Western
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