The Russian Ministry of Finance is actively considering the creation of a new stablecoin. This move comes in response to recent U.S. sanctions and Tether’s actions, which impacted wallets associated with the Garantex exchange. By developing its own stablecoin, Russia hopes to enhance its financial independence and create solutions better tailored to its economic needs. This development reflects a shifting landscape in the global financial system, where nations seek to fortify their economic sovereignty.