After the Failure Of Their Stablecoin Experiment, Iran And Russia Will Inevitably Adopt Bitcoin

After the Failure Of Their Stablecoin Experiment, Iran And Russia Will Inevitably Adopt Bitcoin

From bitcoinmagazine.com

Earlier this month, reports surfaced that the Central Bank of Iran is working with the Russian Association Of The Crypto Industry And Blockchain to create a stablecoin that will be backed by gold to settle trade. This is not the first foray into the crypto universe for either country, nor will it be the last. But this venture will come to nothing, ultimately bringing both countries one step closer to adopting Bitcoin. IRAN’S FORAY INTO CRYPTOCURRENCIES FAVOR BITCOIN In August 2022, a headline came and went and most did not hear about it, and those who did gave it little thought: “Iran Approves Use Of ... (full story)

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