Russia needs its own ruble stablecoin

Entrepreneur and investor Sergey Sergienko urged to implement this when speaking at Crypto Summit 2025. In his report titled “Stablecoin: a stable cryptocurrency of the new generation”, the founder of Chronobank (a pioneer project that converts man-hours into currency value), discussed corporate stablecoins and those not based on the US dollar. 

According to Sergey Sergienko, USDT is exactly a cryptocurrency unofficially controlled by the state, and this is the reason for the popularity of this stablecoin. 

The speaker made a short retrospective journey into the history, noting that since 1944, Russia has been “playing with someone else’s chips," referring to the status of the American dollar.

Against this background, the expert considered the potential ecosystem of the Russian stablecoin, including its integration with the marketplace and formation of a partner network embracing dozens of interested states.

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