Internet reported that a senior Russian Finance Ministry official said on Wednesday that Russia should develop its own stablecoins pegged to other currencies after the USDT held in Russia-linked digital wallets were frozen last month. Russian regulators have allowed the experimental use of cryptocurrencies in international payments, which have become more difficult due to Western sanctions. Before the USDT was frozen, it was popular among Russian companies as a payment tool. "The recent freeze has led us to believe that we need to consider creating internal tools similar to the USDT, possibly pegged to other currencies," said Osman Kabaloev, deputy director of the ministry's financial policy department. Russian Central Bank Governor Elvira Nabiullina opposes the use of cryptocurrency in domestic payments, but said Russian companies are actively testing international cryptocurrency payments as part of the experiment.