Russian defense conglomerate Rostec to launch ruble-pegged stablecoin on TRON
2025/07/04 13:30Rostec, the Russian defense and technology conglomerate, announced on July 3 that it will introduce a ruble-pegged stablecoin and a linked payment network this year, utilizing Tron infrastructure.
According to the Russian news agency TASS, Rostec named the token RUBx and set a one-to-one exchange rate with the ruble.
Deputy General Director Alexander Nazarov stated that the corporation will manage the asset through an in-house platform called RT-Pay. The report also said that each coin carries a legal claim to an equivalent amount of currency, providing companies and individuals with a means to transfer rubles on public rails while meeting domestic compliance requirements.
Engineers have built RUBx on the Tron blockchain and plan to publish the smart contract code on GitHub. Project head Dmitry Shumayev also revealed that CertiK will audit the contract before launch.
Rostec stated that RT-Pay will integrate with existing bank systems, facilitating straight-through settlement, interactions with external wallets, and the execution of smart contracts.
The firm cited complete alignment with the Russian Central Bank’s guidelines, anti-money laundering statutes, and counter-terrorist finance measures.
Shumayev outlined a phased rollout that surveys demand across sectors, with later stages expected to support additional financial services. Rostec framed the approach as an extension of its mandate to develop strategic technology inside Russia’s borders.
Russian state dives into crypto
The stablecoin plan follows another state-backed move into blockchain finance. Sberbank, the country’s largest lender, sold structured bonds on May 30 that tie returns to Bitcoin’s dollar performance and the dollar-ruble exchange rate.
The bank said at its launch that the over-the-counter product settles in rubles and targets qualified investors who want crypto-linked exposure without the need for offshore wallets.
Rostec’s entry focuses on payments rather than market exposure, but both initiatives signal that large Russian institutions continue to integrate digital asset functions within local legal frameworks.
Each entity controls its own distribution and compliance stack, reducing reliance on foreign exchanges while meeting internal audit requirements.
Rostec has not shared issuance caps or reserve management details for RUBx, although executives stated that the corporation will hold rubles equal to the total number of tokens in circulation.
The company intends to disclose code and audit reports before activation, which will provide external developers and regulators with a clear view of the contract logic.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CyberLeek threatens full GTA 6 leak if Solana token hits $30 million
Micron now earns more than Apple! Apple urgently needs chips, Micron holds pricing power.
Micron Technology reported a net profit of $37.7 billion in the fourth fiscal quarter, surpassing Apple's $29.8 billion for the same period, thus becoming the more profitable company for the quarter. The memory shortage has given Micron strong pricing power, with its CEO stating that they “cannot meet customer demand.” The revenue guidance for next quarter is as high as $61.5 billion. Meanwhile, Apple's gross margin continues to be pressured by persistent memory costs, having dropped from 49.3% to a guidance range of 46.5%.
The "Eye of the Storm" in the Global Economy: Debt Crisis in Developed Countries
The IMF warns that developed economies are becoming the "eye of the storm" for global debt risks. Countries such as the United States and France accumulated high levels of debt during periods of low interest rates, but now rising interest rates are pushing up repayment costs, and fiscal consolidation faces political resistance. BofA Securities points out that the United States is facing declining tax revenues, France has structural income decline issues, and the UK and Japan are also under pressure. The deteriorating debt sustainability of developed countries may impact global financial markets through shocks in interest rates and capital flows.
Crypto prices
More
