Rostec to Launch TRON-Based Ruble Stablecoin RUBx: A New Era for Digital Ruble
In a significant development for the cryptocurrency and blockchain space, Russia's state-owned defense and technology conglomerate, Rostec, is set to launch a ruble-pegged stablecoin, RUBx, on the TRON (TRX) blockchain. This move marks a pivotal step in the integration of traditional finance with digital assets, leveraging the robustness of the TRON network. The RUBx stablecoin will be fully backed by Russian rubles held in the state treasury, ensuring one-to-one redemption and maintaining strict regulatory compliance. Alexander Nazarov, Rostec's deputy general director, has confirmed that the company will act as the sole issuer, underscoring the project's credibility and state-backed stability. This initiative not only highlights the growing adoption of blockchain technology by governments but also positions TRON as a preferred platform for large-scale, regulated digital asset projects. The launch of RUBx could potentially enhance liquidity, reduce transaction costs, and foster greater financial inclusion, further solidifying TRON's role in the future of decentralized finance.
Russia's Rostec to Launch TRON-Based Ruble Stablecoin RUBx
Rostec, a Russian state-owned defense and technology conglomerate, is preparing to launch a ruble-pegged stablecoin, RUBx, on the TRON blockchain. The token will be fully backed by Russian rubles held in the state treasury, with reserves maintained for one-to-one redemption. Alexander Nazarov, Rostec's deputy general director, confirmed the company will serve as the sole issuer.
The project emphasizes regulatory compliance, with code transparency via GitHub and audits by CertiK. RUBx is designed to meet Bank of Russia requirements, including anti-money laundering controls. Initial use cases will focus on profitable projects before broader adoption through RT-Pay, enabling after-hours transactions and smart contract execution.
TRX Price Analysis: Justin Sun's Tron Maintains Top 10 Position Amid Market Volatility
TRON (TRX) continues to defy market pressures, holding its position as the 8th largest cryptocurrency by market capitalization at $26.8 billion. The Justin Sun-founded project demonstrates remarkable resilience with a 24-hour trading volume of $470 million and current price of $0.2832.
Technical analysis reveals a bullish weekly chart pattern resembling a 'staircase to heaven' formation. The daily chart shows healthy consolidation between $0.22-$0.26 following a recent spike to $0.44, with the price now establishing a new support zone at $0.26-$0.29.
Market observers note the project's unusual stability in the volatile altcoin space. 'TRON's volume profile during consolidation periods shows extraordinary strength,' remarked one analyst. 'This isn't just another meme coin - it's building legitimate infrastructure.'
Russian State Giant Rostec Unveils Ruble-Pegged Stablecoin on Tron and Crypto Payment Platform
Rostec, a Russian state-owned conglomerate, is set to launch RUBx, a ruble-pegged stablecoin on the TRON blockchain, alongside a payment platform called RT-Pay. The MOVE signals Russia's accelerating embrace of blockchain technology for state-approved financial services, coinciding with ongoing trials for a digital ruble.
Each RUBx token will be backed 1:1 by rubles held in treasury accounts, with CertiK conducting an independent audit and the project's code released on GitHub. Deputy General Director Alexander Nazarov emphasized the tokens' full backing by "real obligation in rubles," targeting a late 2024 launch.
The initiative aims to circumvent SWIFT sanctions through blockchain-based settlements. While no direct exchange listings were announced, the TRON-based stablecoin could indirectly influence liquidity across platforms supporting TRX trading pairs.
