Iran and Russia begin working on gold-backed Stablecoins

As per a recent report, Iran and Russia have begun working on gold-backed stablecoins. The stablecoin aims to replace fiat currencies such as the U.S. Dollar, Russian Ruble, and Iranian Rial in cross-border transactions. As per a recent report by Russia’s news agency Vedomosti, the Iranian central bank has begun collaborating with the Russian government […]