YEREVAN, May 25. /ARKA/. Stablecoins pegged to the Armenian dram will allow the population to make domestic payments and significantly reduce cross-border payment costs, stated Martin Galstyan, head of the Central Bank of Armenia, in response to a question from ARKA news agency.
“From our perspective, this is important and the right thing to do,” he said on Monday, presenting Armenia’s financial stability report for 2025.
Galstyan noted that he does not consider the gradual penetration of crypto assets into Armenia’s traditional financial system risky.
“One of the programmatic postulates for at least the next six years is that we must work in this direction,” he added.
Galstyan previously stated that the Central Bank of Armenia views stablecoins as a strategic priority and noted that the recently adopted law on crypto regulation demonstrates the Central Bank’s commitment to achieving a “golden balance” between consumer protection and the development of innovation.
The Law “On Cryptoassets” entered into force in Armenia on July 4, 2025. Work is currently underway to develop supporting legislation. The law establishes rules for cryptoasset trading, service provision, and market oversight. The established regulatory mechanisms allow only proven and transparent companies to enter the market, which should protect the rights of cryptoasset buyers and increase trust in the market.
