Russia says investors bear losses from foreign stablecoin freezes as holdings reach $44 billion

Russia says investors will bear losses resulting from freezes involving foreign stablecoins, according to TASS. The report estimates that around 20 million people in Russia use crypto, with total holdings of RUB 3.7 trillion ($44 billion). Stablecoins are crypto tokens designed to maintain a stable value, often against a fiat currency. TASS also referenced daily crypto transaction volume through a linked item, but the supplied report did not include a corresponding figure.