Residents of Komi told about the creation of stablecoin

Residents of Komi were told how the Russian stablecoin will work and what operations with it will be allowed. There is no ready-made model yet: demand and risks will be assessed first.

A stablecoin is a digital token pegged to an asset, most often a national currency. Its rate is maintained by reserves, the obligation to exchange tokens at a rate or an algorithm. It differs from the digital ruble in that it is issued not by the regulator, but by a separate organization.

There is already a stablecoin A7A5 pegged to the ruble, issued in Kyrgyzstan. In August, its turnover was estimated at almost $140 billion.