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Russian company Rostec will launch the Ruble stablecoin RUBx and the payment platform RT-Pay.
BlockBeats News, July 4th: According to TASS, the core enterprise of the Russian military-industrial complex, Rostec, announced that it will launch a stablecoin named RUBx pegged 1:1 to the ruble on the Tron blockchain, along with the RT-Pay payment platform. Rostec will serve as the sole issuer and operator of RUBx, maintaining its pegged value through a legally mandated "Ruble Actual Debt." The RT-Pay system will directly connect to the Russian banking settlement network, supporting real-time transfers for businesses and individuals, as well as smart contract fund locking.
The RUBx stablecoin and RT-Pay payment platform project code will be open-sourced on GitHub and undergo a security audit by CertiK. The Russian Central Bank is also piloting the digital ruble concurrently, having recently allowed financial institutions to offer related products to qualified investors.
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