According to Bits media, Russian Deputy Finance Minister Ivan Chebeskov stated that if foreign stablecoins are allowed to enter the regulated trading market in Russia, related assets in user wallets may face the risk of being frozen, especially USD stablecoins like USDT and USDC. He said that cases of Russian legal entities having their USD stablecoins frozen have already occurred, while BTC and ETH have not yet experienced similar freezes, mainly because it is technically difficult to freeze them directly. Chebeskov mentioned that Russia is discussing specific legislation for stablecoins, and the regulated market will prioritize stablecoins pegged to the ruble and "friendly country" currencies. The Central Bank of Russia will retain the authority to adjust the list of approved stablecoins.

USDC-0.01%
BTC-5.56%
ETH-6.34%
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