The Russian state-owned giant Rostec plans to launch a ruble stablecoin and payment platform on Tron.

[Russian state-owned giant Rostec plans to launch ruble-backed stablecoin and payment platform on Tron] Russian state-owned giant Rostec announced that it will launch the RUBx stablecoin, pegged 1:1 to the ruble, and the RT-Pay payment platform on the Tron Blockchain. The group, as a core enterprise of the Russian military-industrial complex, will act as the sole issuance and operating entity of RUBx, and maintain the pegged value through the legally defined "actual ruble debt." The RT-Pay system will directly connect to the Russian banking settlement network, supporting real-time transfers for enterprises and individuals as well as smart contract fund locking, claiming to comply with anti-money laundering and central bank regulatory requirements. The project code will be open-sourced to GitHub and audited for security by CertiK. This move comes as the Central Bank of Russia is simultaneously piloting the digital ruble and has recently allowed financial institutions to offer crypto-related products to qualified investors.