Russia Partners with Iran to Build Stablecoin for Cross-border Trades

Russian news outlet Vedomosti reported that Iran and Russia are collaborating on a “token of the Persian Gulf region” to be used for payment in international trade. According to Alexander Brazhnikov, director of the Russian Association of the Crypto Industry and Blockchain, the token is expected to be launched as a stablecoin backed by gold. The post Russia Partners with Iran to Build Stablecoin for Cross-border Trades appeared first on Coin Edition .