‘Token will defeat cryptocurrency’: Russia debuts palladium-backed stablecoin

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‘Token will defeat cryptocurrency’: Russia debuts palladium-backed stablecoin
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Russian tokenization platform Atomyze partnered with Rosbank and announced a palladium-backed token on July 18th. Both firms are supported by Interros, a conglomerate co-founded by sanctioned oligarch Vladimir Potanin.

on Monday that it became the first partner of the Russian blockchain firm Atomyze, acting as an investor in Russia’s first digital asset deal with palladium.

According to the announcement, the newly issued digital asset is the first digital financial asset issued through Atomyze. The platform obtainedin February 2022, becoming the country’s first legal digital asset manager. Both Atomyze and Rosbank are backed by Interros, a Russian conglomerate and investment firm co-founded by sanctioned oligarch Vladimir Potanin. The CEO of the Russian nickel and palladium mining and smelting company Nornickel originally announcedAccording to an announcement by Interros, Atomyze will

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