The Bank of Russia will revisit its cautious approach to fiat-pegged stablecoins and may explore issuing a ruble-backed token in 2026 after reports of a Kyrgyzstan-launched ruble stablecoin being used to skirt sanctions.
Moscow Exchange will introduce ruble-settled futures linked to SOL, XRP and TRX via individual token indices, available only to qualified investors. The move aims to widen institutional access while keeping retail participation limited.
The head of the Bank of Russia acknowledged crypto mining is among the factors propping up the ruble, reinforcing a recent Kremlin claim. Officials say mining activity is now a visible influence on the currency market.