Russian Defense Conglomerate Rostec to Adopt Ruble Stablecoin for Secure Transactions
2025-07-04 11:46:36
Main Idea
Russian defense conglomerate Rostec plans to adopt a ruble-backed stablecoin (RUBx) and a payment platform (RT-Pay) for secure transactions, aiming to circumvent sanctions and expand its market reach.
Key Points
1. Rostec will launch the RUBx stablecoin and RT-Pay platform later this year, with each RUBx token backed 1:1 by real rubles.
2. The RT-Pay platform will be implemented in stages to meet the needs of secure and unblockable transactions.
3. Rostec provides 80% of the weapons used in the Russian-Ukrainian conflict and seeks to bypass sanctions through this initiative.
4. The adoption of stablecoins and blockchain-based payments could open new markets for Rostec's defense-related products.
Description
Rostec announced that it will promote this stablecoin and an associated payment platform as a secure method for conducting transactions, approved by the Russian Central Bank. The payment system will integrate with the Russian banking infrastructure, while the stablecoin will be launched on the Tron blockchain. Russian Defense Company Rostec to Leverage Ruble Stablecoin to
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