The Russian government will allow USDC to enter its regulated crypto market.

CoinFeed reported on June 17th that, according to Cryptopolitan, Russian Deputy Finance Minister Ivan Chebeskov stated that USDC will be added to the list of cryptocurrencies approved in Russia, alongside USDT, Bitcoin, and Ethereum. Previously, the Central Bank of Russia had stated it would not add any more tokens, but Chebeskov revealed that USDC will also be approved. Non-professional investors will only be able to invest in eligible crypto assets, namely cryptocurrencies with an average market capitalization exceeding 5 trillion rubles (approximately $70 billion) over the past two years. Chebeskov also stated that small fiat-denominated stablecoins from friendly jurisdictions may also be permitted, including ruble stablecoins and UAE dirham stablecoins.