Russia’s ruble-pegged stablecoin helped evade sanctions to the tune of $100 billion

Russia’s ruble-pegged stablecoin has played a significant role in assisting the country in circumventing international sanctions, enabling the movement of funds and financial transactions that amount to an impressive total of $100 billion. This innovative digital currency, which is tied to the value of the Russian ruble, has been strategically utilized to maintain economic stability and support trade operations, allowing businesses and individuals to engage in economic activities despite widespread restrictions imposed by other nations. source: https://www.coindesk.com/business/2026/01/22/russia-s-ruble-pegged-stablecoin-helps-evade-sanctions-to-the-tune-of-usd100-billion-elliptic