In Russia, it has been proposed to explore the possibility of using digital currency, including stablecoins, as collateral. This recommendation to the Ministry of Justice is contained in the decision of the section on digital currencies and the crypto industry of the Council for the Development of the Digital Economy under the Federation Council.

The idea involves clarifying civil legislation so that digital currency can be used to secure obligations. According to Senator Artyom Sheikin, such a mechanism can expand the tools available to businesses and make the use of digital currency more understandable for businesses.

However, not all assets are proposed for use. Stablecoins for such operations must be within the legal Russian cryptocurrency framework and comply with established requirements.

A separate issue is the origin of the asset and its infrastructure. Sheikin noted that digital currencies associated with jurisdictions imposing sanctions against Russia carry additional risks of blocking, restricted access, and inability to fulfill obligations.

At the same time, the Ministry of Justice, together with the Bank of Russia, has been proposed to develop rules for accounting for digital currencies and approaches to investigating related offenses. For now, it is about discussing possible changes in legislation, and not about introducing a new collateral mechanism.