Moscow-headquartered Russian banking leader Sberbank presented documents to the country’s banking supervisory body to release its own stablecoin.
Sberbank was founded in 1841. Now it is the dominant credit establishment in Russia and post-Soviet countries.
The vice-president of the bank’s board, Anatoly Popov, informed that the bank made a request to the country's Central Bank within this month to list its blockchain program.
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Russian Sberbank Applies for Launching a Stablecoin