Russian Giant Nornickel to Launch Stablecoin, Precious Metal-Pegged

News
Wed, 10/24/2018 - 15:22
Yuri Molchan
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
Cover image via U.Today

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.

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

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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