Russia’s Sberbank Launches Blockchain on Hyperledger, Mulls Stablecoin in 2021

[MRM]

Sberbank, Russia’s biggest consumer bank, is launching a blockchain platform built on Hyperledger Fabric, potentially with its own stablecoin.

The blockchain system is designed for trade finance transactions, including exchanging letters of credit, the bank’s press representative told CoinDesk Thursday.

Anatoly Popov, Sberbank’s deputy chair, told the Russian newspaper Vedomosti on Wednesday the bank is also planning to launch its own stablecoin, pegged to the price of the ruble, that could be used to buy digital assets.
Source: https://www.coindesk.com/russia-sberbank-hyperledger-stablecoin

[Astra]

Officials of various ranks have been talking about the possibility of Sberbank of Russia issuing its stable coin pegged to the ruble for more than one year. Apparently, the problem was in developing a strategy in relation to cryptocurrency. After the first law on the regulation of cryptocurrency was recently adopted, although there are a lot of questions left, Sberbank may start developing its concept for issuing a stablecoin.