crypto.news 2025-07-04 14:25:12

Russia’s Rostec launches ruble-backed stablecoin RUBx on Tron blockchain

Russia’s tech conglomerate is launching its own stablecoin on the Tron network along with a stablecoin payment platform. Countries across the globe are entering the stablecoin race. On Friday, July 4, Russia’s state-owned tech conglomerate Rostec announced plans to launch its own stablecoin this year, along with RT-Pay, a dedicated platform for stablecoin-based payments. The RUBx stablecoin, backed 1:1 with the Russian ruble, will operate on the (TRON) network. According to the company, both the stablecoin and RT-Pay will serve as secure transaction tools for businesses and individuals. You might also like: Russia embraces crypto, but Kremlin goals remain ambiguous “Each RUBx is backed by real obligations in rubles. This is legally fixed. The token to real ruble ratio is one to one. Plans are to launch the system this year, with Rostec serving as its operator,” Rostec Deputy General Director Alexander Nazarov was quoted as saying. The platform will also integrate with Russia’s banking infrastructure and support transactions through self-custodial wallets. In addition, users will be able to interact with external smart contracts, allowing engagement with decentralized finance. You might also like: Russia moves to seize crypto: new bill classifies Bitcoin as property Rostec’s RT-Pay will be regulatory compliant Rostec emphasized that both RT-Pay and RUBx will be fully compliant with Russia’s crypto regulations. The company also plans to implement anti-money laundering protocols and measures to block wallets associated with terrorism financing. “The new platform will be implemented in stages, considering the needs of various sectors of the economy. Particular attention will be paid to security issues and integration with the existing financial infrastructure. In the future, the ecosystem may become the basis for a number of innovative financial services and services,” head of RUBx project Dmitry Shumayev was quoted as saying. In recent months, Russia has accelerated efforts to regulate crypto-related activities and integrate them into the official economy. While individuals are allowed to buy and sell digital assets , cryptocurrencies are still prohibited for use in payments. Read more: Russia to establish crypto exchange for ‘super-qualified investors’ under a pilot regime

Наиболее читаемые новости

Top Brazilian Bitcoin Exchange May Tokenize $...
2025-07-06
Bitcoin Treasury Surge: 54 Entities Acquire 8...
2025-07-06
Bitcoin Whale Transfer Possibly Linked to Wal...
2025-07-06
Robert Kiyosaki Suggests Potential Bitcoin Pr...
2025-07-06
$8.6B Bitcoin whale transfer shows no signs o...
2025-07-06
Is OKX’s ‘compliance’ chaos part of a larger...
2025-07-06
Bitcoin Whales Signal Market Movement with St...
2025-07-06
Bitcoin Holders May Be Retaining $1.2 Trillio...
2025-07-06

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения