Russia may issue stablecoins backed by gold refineries for international settlements, including with Iran. This was announced by Anatoly Aksakov, head of the State Duma committee on the financial market, after the visit of a delegation of parliamentarians to Iran.
A stablecoin is a general name for cryptocurrencies whose exchange rate is pegged to conventional currencies or physical commodities and is subject to less fluctuations than fiat cryptocurrencies.
“We discussed the issue related to the issuance of stablecoins, digital financial assets (DFA) backed by certain values. For example, I talked about gold, gold bars, refineries can provide them ... and CFAs are issued against these gold reserves, and then they act as a means of payment, for example, in mutual settlements between Russia and Iran, ”he said (quote from Interfax) .
According to Anatoly Aksakov, the proposal was accepted with "interest", which indicates that Moscow and Tehran are moving in the right direction.
Mr. Aksakov also noted that Iran has a large debt for the supply of goods from Russia, and the fluctuations of the Iranian currency are quite large. Iran has two rates of the local currency - the Iranian rial - to the dollar. One of them is market, the other is approved by the Central Bank.
That the Central Bank of Iran is considering the possibility of creating a stablecoin with Russia, January 16 told Executive Director of the Russian Association of the Cryptoindustry and Blockchain Alexander Brazhnikov. The token can be used for the first time this year, when the special economic zone in Astrakhan will begin to accept cargo from Iran.
More details - in the material "Kommersant FM" “Moscow and Tehran invent coins”.