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Digital Ruble to Pump $3.2B Yearly into Russia's Economy

Will Russian banking fears of collateral damage come to fruition?

Author

Austin Hodge
August 20, 2025

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As digital ruble is joins the grand tapestry of central bank digital currencies, many Russian banks warn of initial losses while businesses anticipate a treasure trove of benefits. According to Moscow’s National Rating Agency, this sovereign coin is expected to inject a whopping $3.2 billion annually into the economy by 2031. Yet, as the rollout unfolds, skepticism looms among banking officials who question the necessity of this digital pivot.

Meanwhile, crypto markets continue to suffer ahead of the US Fed Chair speech at Jackson Hole on Friday.

So, what lies ahead for Russia’s financial landscape, where skepticism meets transformation? Will crypto rebound and how will the Fed’s upcoming decisions affect alt-season?

Let’s dive in!

  • Digital Ruble promises $3.2 billion annual economic boost for Russia, despite initial banking losses. — Read More

  • Fed vice chair Michelle Bowman urges modernized crypto regulations, aligning with industry advancements and innovation. — Read More

  • Crypto markets plunge as investors brace for potential rate hike signals from Fed Chair Powell's upcoming speech. — Read More

  • Stablecoins pose a risk to U.S. banks' deposits and payments, as they offer lower costs and faster transaction speeds. — Read More

  • Republican Senator Tim Scott anticipates securing 12 to 18 Democratic votes for the CLARITY Act to establish U.S. crypto regulations, facing opposition from Senator Elizabeth Warren. — Read More

  • Japan's 10-year bond yield ascends to a 17-year peak, with potential implications for global bond markets and risk assets. — Read More

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