Russian defense conglomerate Rostec to launch ruble-pegged stablecoin on TRON
2025/07/04 13:30Rostec, the Russian defense and technology conglomerate, announced on July 3 that it will introduce a ruble-pegged stablecoin and a linked payment network this year, utilizing Tron infrastructure.
According to the Russian news agency TASS, Rostec named the token RUBx and set a one-to-one exchange rate with the ruble.
Deputy General Director Alexander Nazarov stated that the corporation will manage the asset through an in-house platform called RT-Pay. The report also said that each coin carries a legal claim to an equivalent amount of currency, providing companies and individuals with a means to transfer rubles on public rails while meeting domestic compliance requirements.
Engineers have built RUBx on the Tron blockchain and plan to publish the smart contract code on GitHub. Project head Dmitry Shumayev also revealed that CertiK will audit the contract before launch.
Rostec stated that RT-Pay will integrate with existing bank systems, facilitating straight-through settlement, interactions with external wallets, and the execution of smart contracts.
The firm cited complete alignment with the Russian Central Bank’s guidelines, anti-money laundering statutes, and counter-terrorist finance measures.
Shumayev outlined a phased rollout that surveys demand across sectors, with later stages expected to support additional financial services. Rostec framed the approach as an extension of its mandate to develop strategic technology inside Russia’s borders.
Russian state dives into crypto
The stablecoin plan follows another state-backed move into blockchain finance. Sberbank, the country’s largest lender, sold structured bonds on May 30 that tie returns to Bitcoin’s dollar performance and the dollar-ruble exchange rate.
The bank said at its launch that the over-the-counter product settles in rubles and targets qualified investors who want crypto-linked exposure without the need for offshore wallets.
Rostec’s entry focuses on payments rather than market exposure, but both initiatives signal that large Russian institutions continue to integrate digital asset functions within local legal frameworks.
Each entity controls its own distribution and compliance stack, reducing reliance on foreign exchanges while meeting internal audit requirements.
Rostec has not shared issuance caps or reserve management details for RUBx, although executives stated that the corporation will hold rubles equal to the total number of tokens in circulation.
The company intends to disclose code and audit reports before activation, which will provide external developers and regulators with a clear view of the contract logic.
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
