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  /  Stock   /  Russia’s Biggest Bank Considers Launching Its Own Stablecoin
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Russia’s Biggest Bank Considers Launching Its Own Stablecoin

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Stock, Top News
imageCryptocurrency10 hours ago (Aug 04, 2020 03:00PM ET)

Russia’s Biggest Bank Considers Launching Its Own Stablecoin

Sberbank, a state-owned company and the largest bank in Russia, is considering the possibility of issuing its own token, according to its key executives.

Sergey Popov, director of the transaction business at Sberbank, says that Russia’s banking giant is thinking of issuing its own stablecoin that could be pegged one-to-one to the Russian ruble, local news agency Kommersant reported on Tuesday.

Continue Reading on Coin Telegraph

Russia’s Biggest Bank Considers Launching Its Own Stablecoin

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