Russian State-Owned Enterprise Rostec Plans to Launch Ruble Stablecoin and Payment Platform on Tron

CoinRank News: Russian state-owned enterprise Rostec announced that it will launch a stablecoin RUBx and a payment platform RT-Pay on the Tron blockchain, which are 1:1 pegged to the ruble. As a core enterprise of the Russian military-industrial complex, the group will serve as the sole issuer and operator of RUBx, and maintain the anchor value through the real ruble debt stipulated by law. This move comes at a time when the Russian Central Bank is simultaneously piloting the digital ruble, and has recently allowed financial institutions to provide crypto-related products to qualified investors. (CoinDesk)