Template-Type: ReDIF-Article 1.0 Author-Name: Maria Girich Author-Name-First: Maria Author-Name-Last: Girich Author-Workplace-Name: Gaidar Institute for Economic Policy Author-Name: Ivan Ermokhin Author-Name-First: Ivan Author-Name-Last: Ermokhin Author-Workplace-Name: Gaidar Institute for Economic Policy Author-Name: Antonina Levashenko Author-Name-First: Antonina Author-Name-Last: Levashenko Author-Workplace-Name: Gaidar Institute for Economic Policy Author-Name: Olga Magomedova Author-Name-First: Olga Author-Name-Last: Magomedova Author-Workplace-Name: Gaidar Institute for Economic Policy Author-Name: Kirill Chernovol Author-Name-First: Kirill Author-Name-Last: Chernovol Author-Workplace-Name: Gaidar Institute for Economic Policy Author-Name: Diana Golovanova Author-Name-First: Diana Author-Name-Last: Golovanova Author-Workplace-Name: Gaidar Institute for Economic Policy Author-Name: Andrei Zubarev Author-Name-First: Andrei Author-Name-Last: Zubarev Author-Workplace-Name: Gaidar Institute for Economic Policy Title: Cryptocurrencies in international settlements, Stablecoins as a means of payment, The future of CBDCs: two approaches, Growing demand for Bitcoin, Development of national reserves in cryptoassets Abstract: This publication deals with issues related to cryptocurrencies, international settlements, stablecoins, CBDCs, Bitcoin, national reserves Classification-JEL: G1, G12, G18, G23, K24, L86 Keywords: Cryptocurency, stablecoins, CBDCs, Bitcoin Year: 2025 Issue: 5 Month: May Pages: 11 File-URL: https://www.iep.ru/files/RePEc/gai/rudigm/rudigm-2025-5-1424.pdf File-Format: application/pdf File-Function: Revised Version, 2025 Handle: RePEc:gai:rudigm:rudigm-2025-5-1424