Russia’s Rostec Plans Blockchain Arsenal with New Ruble Stablecoin on TRON Network
2025-07-05 15:37:57
Main Idea
Russia's Rostec plans to launch a Ruble-backed stablecoin, RUBx, on the TRON network, aiming to enhance transparency and integrate with traditional banking services via RT-Pay.
Key Points
1. RUBx will be a stablecoin backed one-to-one by Russian Rubles and operate on the TRON network.
2. The project will be transparent, with code available on GitHub and audits conducted by CertiK.
3. RUBx will be used with RT-Pay to facilitate transactions and prevent money laundering and terror financing.
4. Initially targeting specific users, the stablecoin will later expand to retail consumers and businesses.
5. TRON's fast speeds and gas-free wallet options make it a suitable blockchain for this project.
Description
Rostec, a state-owned defense and technology conglomerate, will launch its stablecoin RUBx on the TRON ecosystem. Russian state media reported on the development. RUBx will have one-to-one backing of Russian Rubles to validate the token. Alexander Nazarov, Deputy General Director for Rostec, stated that the company would maintain a reserve to enable one-to-one backed rubles, allowing users to redeem their tokens. RUBx will operate on the TRON network, backed by Rubles stored in the Russian state...
Latest News
- Largest Heist Ever? Coinbase Exec Explains Why The Mysterious $8 Billion BTC Transfer Was Possibly A Hack2025-07-06 00:16:20
- The Interesting World of North Korean Crypto Scams2025-07-05 17:14:21
- Ripple’s RLUSD Explodes 47% in June, Becomes Fastest-Growing Major Stablecoin2025-07-05 17:01:50
- Russia’s Rostec Plans Blockchain Arsenal with New Ruble Stablecoin on TRON Network2025-07-05 15:37:57
- Turkey’s Capital Markets Board Blocks Access to PancakeSwap for Unauthorised Crypto Services2025-07-05 14:00:37