The countries most affected by international sanctions due to last year’s invasion of Ukraine and the manufacture and testing of nuclear warheads, want to join forces for the creation of a stablecoin that is linked to the performance of Gold.
The move turns the clock back to a pre-Bretton Woods world in which the value of the currency (at the physical time) was tied to Gold and therefore very stable.
In a macroeconomic situation such as the one we have been living in for more than a year now, this becomes even more useful.
The stability of a currency is a valuable ally in the fight against inflation, moreover, the currency is likely to appreciate over time and this creates a plus for the two countries.
The nascent stablecoin aims to stand as the official trading currency of the two states and effectively replace the US dollar, Russian ruble or Iranian rial for all those cross-border trade transactions.
The country of Putin and the state of the Ayatollahs are collaborating to g
We współpracy z: https://en.cryptonomist.ch/2023/01/17/stablecoin-pegged-gold/
