Russia Shakes Up Crypto Markets: Ruble-Backed Stablecoin & RT-Pay Platform Launch Imminent

Moscow's latest power move cuts through sanctions—with blockchain.

The Digital Iron Curtain Rises

Russia's Central Bank confirms RT-Pay will go live Q3 2025, pairing a state-run stablecoin with a SWIFT alternative. No more begging Visa for processing—just cold, hard digital rubles settling in seconds.

How It Works (And Who Gets Hurt)

The ruble-pegged coin runs on a permissioned chain—decentralized enough for deniability, centralized enough for Putin to freeze assets mid-transaction. Early testing shows 40,000 TPS—enough to process every oligarch's yacht purchase simultaneously.

Western Banks Hate This One Trick

While Treasury officials clutch pearls about "sanctions evasion," Russian gas exporters already demand RT-Pay settlements. Another case of bureaucrats writing laws while builders write code.

Funny how fiat systems crumble when you can't print your way out of trouble—ask the ruble circa 2022. But hey, at least this stablecoin's backed by something shakier than Tether's reserves: the full faith and credit of the Kremlin.

Russia’s state-owned technology giant Rostec is stepping into the digital finance space with big plans. The company is set to launch its stablecoin, called RUBx, and a new payment system named RT-Pay. Backed 1:1 by the Russian ruble, these tools aim to offer safe, legal, and fast digital transactions across the country.

RUBx to Be Backed by Real Rubles

RUBx is a stablecoin built on the TRON blockchain. Each token will be fully backed by real rubles, making its value equal to one ruble. Rostec, a key player in Russia’s military and tech industries, will be the only issuer and operator of RUBx. This gives it full control over the token’s management and legal stability.

Russia’s state-owned conglomerate Rostec plans to launch a fiat-backed stablecoin called RUBx later this year, built on the tron blockchain. RUBx will be pegged 1:1 to the Russian ruble and aims to drive ruble digitization through the RT‑Pay payment platform.…

Deputy General Director of Rostec, Alexander Nazarov, confirmed that the token’s value is secured by actual debt obligations in rubles, according to Russian law. This ensures RUBx is tied directly to the country’s currency in a transparent and trustworthy way.

RT-Pay Platform For Fast, Digital Transactions

Along with RUBx, Rostec will also launch RT-Pay, a new digital payment platform that works with both individuals and businesses. The platform will be connected to the existing banking system, allowing easy movement of money using digital wallets and smart contracts.

RT-Pay will follow all Russian financial rules, including anti-money laundering laws and regulations from the Central Bank. 

The platform’s code will be made public on GitHub, and it will be audited by global security firm CertiK to ensure its safety and reliability.

Russia Bets on Blockchain

According to project lead Dmitry Shumayev, the launch will happen in stages to meet the needs of different sectors of the economy. Special focus will be placed on security and integration with current financial systems.

The initiative arrives as Russia also explores its own central bank digital currency (CBDC), the digital ruble. 

Together, these moves show the country is rapidly embracing blockchain technology to modernize its financial services.