Russia aims to deploy its digital ruble to facilitate trade with BRICS countries, moving away from reliance on the US dollar. The digital ruble is part of a broader BRICS initiative to create unified CBDC infrastructure and regulatory standards. While domestic demand for the digital ruble is low, officials expect benefits in preventing fraud and corruption; meanwhile, BRICS central banks express concerns about stablecoins' risks.
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Russia Plans Digital Ruble for BRICS to Undermine Dollar Dominance in Trade
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