The court is weighing whether Russian citizens hold legal property rights to USDT and other fiat-pegged stablecoins, with a landmark decision expected soon.
Russia’s Constitutional Court is deliberating on a case that could determine if citizens have property rights over USDT and other stablecoins pegged to fiat currencies. The lawsuit, brought by Dmitry Timchenko, sought repayment of 1,000 USDT but was rejected by lower courts. This ruling, expected in the coming weeks, could set a precedent for the legal status of stablecoins under Russian law.