Russia to launch Its Own Ruble-backed Stablecoin, RT-Pay Payment Platform

Russia’s state-owned technology giant Rostec is stepping into the digital finance space with big plans. The company is set to launch its stablecoin, called RUBx, and a new payment system named RT-Pay. Backed 1:1 by the Russian ruble, these tools aim to offer safe, legal, and fast digital transactions across the country.

RUBx to Be Backed by Real Rubles

RUBx is a stablecoin built on the Tron blockchain. Each token will be fully backed by real rubles, making its value equal to one ruble. Rostec, a key player in Russia’s military and tech industries,…