Analysis: The cryptocurrency of gold endorsement helps Russia get rid of its heavy dependence on the dollar

Earlier, it was reported that Bank of Russia Governor Elvira Nabiullina said the central bank would consider a proposal for cryptocurrency. The proposal states that a cryptocurrency endorsed by gold can be created to support settlement with other countries. Yesterday, foreign media CryptoVibes issued a statement saying that at present, Russia faces severe sanctions from the United States. In this case, the cryptocurrency of the bound value has the potential to help Russia get rid of the heavy dependence of the dollar as a currency standard. Russian State Duma member Vladimir Gutenev also suggested the development of such digital assets.