Woofun AI reports that the Governor of the Central Bank of Russia stated at the Financial Congress that the central bank is considering using stablecoins for cross-border settlements, but only as a supplement to the digital ruble. The Central Bank of Russia holds concerns about using stablecoins for domestic settlements. Currently, the Central Bank of Russia is discussing the launch of a ruble-pegged, state-controlled stablecoin and analyzing the feasibility of combining such instruments with central bank digital currencies in cross-border transactions.

Additionally, last week the Central Bank of Russia proposed regulatory rules for stablecoins, with the core idea being that all transactions must be conducted under state control.