Russia launches ruble-backed stablecoin RUBx and RT-Pay platform
2025/07/04 11:40-
- Russia creates RUBx stablecoin pegged to the ruble
- RT-Pay promises settlements via smart contracts
- Stablecoin RUBx seeks to replace USDT usage in Russia
Russian state-owned conglomerate Rostec, known for its defense and technology sectors, has announced the launch of a stablecoin called RUBx, pegged to the ruble, and the RT-Pay payments platform. The initiative is part of a strategic move to expand the country’s digital autonomy, especially in light of Western sanctions imposed since the annexation of Crimea.
The RUBx digital token was developed on the Tron blockchain, chosen for its high efficiency and low fees. According to the company's statement, the asset's code will be made publicly available on GitHub and will undergo an audit by CertiK, a blockchain security specialist.
The stablecoin is issued at a 1:1 ratio to the ruble. “Each RUBx is backed by real ruble obligations. This is legally fixed,” explained Alexander Nazarov, deputy general director of Rostec. The stablecoin should not be confused with the digital ruble, a currency issued by the Russian Central Bank, which is scheduled to be widely implemented in 2026.
RT-Pay will be integrated into the national banking infrastructure and will enable transactions via external digital wallets or smart contracts, with a staggered launch later this year. The project aims to serve companies and individuals facing difficulties in accessing the international financial system, especially after the blocking of USDT funds by foreign platforms.
Dmitry Shumaev, head of the RUBx project, said that the system will ensure security with part of the tokens held in offline storage and wallets with multiple layers of protection. The platform complies with the requirements of the Bank of Russia and anti-money laundering regulations.
Rostec expects RUBx to gain ground among major cryptocurrency wallets and exchanges, expanding its use in trade settlements and gradually replacing reliance on US dollar-pegged stablecoins such as Tether.
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
Anthropic's Core Concern: Revenue Can Be Withdrawn at Any Time, but Computing Power Costs Are Locked in for up to 20 Years
Zheshang Securities believes that Anthropic's revenue is mainly based on usage-based billing, with remaining performance obligations covering only about 5.1 months of annualized revenue, while compute power costs are already locked in with $895.4 billion in irrevocable commitments, some extending as far as 2045. Revenues can be reduced at any time, but costs are non-exitable, creating a highly asymmetric maturity gap between the two—this is the company's real core constraint.
Triple Pressure from the Federal Reserve, Treasury, and Congress; Goldman Sachs: Liquidity Crisis May Occur in 2027
Goldman Sachs warns that the reserve ratio of bank assets has dropped to around 11%, only slightly above the crisis trough of 2019. In the second half of 2027, a deadlock in debt ceiling negotiations will force the Treasury to rebuild the TGA, triggering a "perfect storm" of a sharp drop in reserves and a surge in T-bill supply; combined with stalled money market fund buying, this will create a huge liquidity black hole. The Federal Reserve could be forced into the awkward position of lowering interest rates and launching large-scale bond purchases to rescue the market.
U.S. Stock IPO Preview | From Losses to Net Profit of 5.46 Million: The "Three-Dimensional" Platform Business Strategy with a Taste for Golf
Crossing the break-even line, the growth inflection point has arrived.
Crypto prices
More
