Russia Central Bank wan allow company buy foreign stablecoins for cross-border payment

Published: 2025-06-05 09:16:06 |

Russia Central Bank don release one plan wey dem wan allow dem own companies buy some special stablecoins wey dem make for outside, as dem wan use am for easy payment across countries and to fit handle palava from international wahala. This plan na big change for dem rule, e fit make people want more stablecoins wey government money back, and e fit make am easy for companies to get digital money, especially as dem don restrict SWIFT. Take note say, big stablecoins wey dem peg to USD like Tether (USDT) and USD Coin (USDC) go still get limit except for some trade matter, because Russia say na 'unfriendly issuer' assets. The central bank still say make dem increase how much digital money person fit buy for one year from 600,000 rubles go 1 million rubles, and make dem remove limits for companies. This new way fit help make people no depend on dollar again, open more chance for BRICS partnership, and increase crypto trading and how easy e dey to get crypto for Russia. The public fit talk their mind till June 15, and dem fit start to use am by end of the month – e fit make stablecoins enter Russia money system fast.

Bullish

If dem allow Russian companies use stablecoins wey dem make for outside, especially for payment across countries, e fit make many people dey use stablecoin and trade go plenty for Russia market. If dem loose hand for how much individuals and companies fit buy, e fit make money flow well well and crypto money fit blend enter normal business. Even if top USD-pegged stablecoins (like USDT, USDC) still get restrictions, di way dem give exception for trade and say make dem use stablecoins wey no be from Western countries, e clear say dem wan comot from dollar and fit work with BRICS countries. Dis one fit make di market stable well well because of plenty different options. For crypto traders, dis new law fit make di market go up for mid to long term, because e don open door for more stablecoin use and bring new demand enter di system.