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Russian State-Owned Rostec to Issue Tron-based Stablecoin RUBx, Possibly to Circumvent Sanctions

2025/07/06 23:23 (Updated 2025/07/07 09:01)
CoinPost
Written by A.Yamada
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Russian State-Owned Rostec to Issue Tron-based Stablecoin RUBx, Possibly to Circumvent Sanctions

Launching the Stablecoin 'RUBx'

On the 3rd, Russian state-owned enterprise Rostec announced plans to issue the ruble-backed stablecoin RUBx token on the Tron (TRX) blockchain by the end of this year. RUBx will be backed one-to-one by ruble-denominated debt. The code will be hosted on the GitHub platform, with verification also planned by the independent company CertiK. Additionally, there are plans to launch the payment platform 'RT-Pay'. This platform will fully comply with the regulatory framework of the Russian Central Bank, including anti-money laundering protocols and other regulations.

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MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.