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Russian Giant Nornickel to Launch Stablecoin, Precious Metal-Pegged

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Wed, 24/10/2018 - 15:22
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Russian Giant Nornickel to Launch Stablecoin, Precious Metal-Pegged
Cover image via U.Today
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The CEO of Nornickel Vladimir Potanin believes that the launch of the new stablecoin based on precious metals will allow attracting investors with a large aggregate capital. In an interview to a local major edition, Potanin added that a metal-pegged coin is a cheap funding method.

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The Nornickel CEO also has plans to launch a crypto exchange as well as crypto derivatives that he wants to realize in collaboration with a private Interros holding. Potanin believes that his ideas regarding digital assets can ensure a way to secure Russian economy from overseas sanctions and make the current situation more flexible for Russia.

He pointed out that the plans will be realistic if Russian authorities introduce the necessary regulation.

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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