The Russian Finance Ministry has expressed opposition to allowing the trading of dollar-pegged stablecoins within the country. Deputy Finance Minister Ivan Chebeskov highlighted concerns that issuers of foreign stablecoins, such as USDT and USDC, could freeze assets directly in users' wallets. This risk is particularly pronounced if these wallets engage with platforms licensed by the Russian central bank, as there have been instances of dollar stablecoins held by Russian entities being frozen. The ministry advocates for legislation specifically targeting stablecoins, prioritizing tokens linked to the ruble and currencies of friendly nations. The central bank retains the right to adjust the list of permissible stablecoins. The debate over integrating foreign stablecoins into a regulated Russian framework has sparked controversy, with initial positions from the finance ministry and central bank favoring the exclusion of stablecoins as legitimate investment tools.