Russia May Allow Crypto Mining and Gold-Backed Stablecoins, Lawmaker Says

This has much broader implications than is obvious. We will be writing on this in the coming weeks. Suffice to say: China buys oil From Russia. China wants to pay Russia in Yuan. China has hinted their currency will be implicitly backed by Gold recently. We have monitored these type deals since 2017.

This is a public step in that direction.