<ul data-eligibleForWebStory="false"><li>Russia plans to launch a ruble-backed stablecoin, RUBx, and a blockchain payment platform, RT-Pay, complying with the country's strict regulations.</li><li>RUBx will be pegged to the Russian ruble on the Tron blockchain and fully controlled, managed, and backed by Rostec, tied to ruble-denominated obligations for stability.</li><li>RT-Pay, the payment infrastructure, will offer smart contract capabilities and digital wallet transfers while integrating with the banking system to facilitate controlled transactions.</li><li>The release of RUBx and RT-Pay will be gradual, following a cautious deployment strategy, showcasing Russia's interest in state-controlled digital finance through blockchain technology.</li></ul>

Russia Unveils Ruble-Backed Stablecoin and Blockchain Payment Platform

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