Russian Giant Nornickel to Launch Stablecoin, Precious Metal-Pegged

The CEO of Nornickel Vladimir Potanin believes that the launch of the new stablecoin based on precious metals will allow attracting investors with large aggregate capital

Wed, 24/10/2018 - 15:22

Russian Giant Nornickel to Launch Stablecoin, Precious Metal-Pegged

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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.

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.

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

About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.