Tron (TRX) Powers Russia’s RUBx Stablecoin and RT-Pay Platform Launch

Russia's state-owned Rostec is set to revolutionize digital finance with the launch of RUBx, a ruble-pegged stablecoin, and the RT-Pay payment platform, both built on the Tron (TRX) blockchain. This strategic move aims to enhance domestic digital transactions and bolster the ruble's stability in the crypto space. Each RUBx token will maintain a 1:1 peg with the Russian ruble, backed by actual debt obligations under Russian law, marking a significant step in the country's embrace of blockchain technology.

Russia to Launch Ruble-Backed Stablecoin and RT-Pay Platform

Russia's state-owned technology conglomerate Rostec is making a strategic entry into digital finance with the upcoming launch of RUBx, a ruble-pegged stablecoin, and the RT-Pay payment platform. Built on the TRON blockchain, each RUBx token will maintain a 1:1 peg with the Russian ruble, backed by actual debt obligations under Russian law.

The initiative aims to streamline domestic digital transactions while reinforcing the ruble's digitization. Rostec, a key player in Russia's defense and tech sectors, will serve as the sole issuer and operator—ensuring centralized control over the stablecoin's governance and compliance framework.

Deputy General Director Alexander Nazarov emphasized the transparency of RUBx's fiat backing, positioning it as a regulated alternative to decentralized cryptocurrencies. The MOVE signals Russia's broader ambition to integrate blockchain technology into its financial infrastructure without ceding monetary sovereignty.