Rostec to Create Ruble-Pegged Stablecoin on Tron Network

Russian state corporation Rostec to issue ruble-pegged stablecoin RUBx in the cryptocurrency blockchain Tron (TRX).

In addition to the digital asset, the company will create the RT-Pay payment platform, connected to both the banking infrastructure and the decentralized network. Therefore, it is safe to assume that RUBx will become the native virtual currency of RT-Pay and will be widely used for money transfers.

Steyblecoin from Rostec, as well as Tether (USDT), as well as other dollar-based cryptocurrencies, will be backed by reserves, most likely Russian government bonds, so its price will always be ₽1. According to the corporation’s deputy CEO Alexander Nazarov, the coin will be released before the end of 2025. At first, stablecoins can be bought on a major website, and then they will be added to cryptocurrency exchanges.

Alexander Nazarov

Information about the full functionality of RT-Pay has not yet been disclosed. It is only known that new services will be integrated into the platform as demand for them arises. According to the statement of the head of the RUBx development project Dmitry Shumaev, it will be possible to use a variety of financial services on this platform. To ensure the security of clients’ cryptocurrency, it will be stored in cold and hot wallets with multi-layer protection.

It is obvious that Rostec wants to create a competitor to the A7A5 stablecoin issued in the networks Tron and Ethereum by Old Vector, a company registered in Kyrgyzstan. The coin is popular, as evidenced by the fact that in the first four months after the creation of the digital asset, the amount of transactions in A7A5 reached $9,3 billion.

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