<ul data-eligibleForWebStory="false"><li>Rostec, a state-owned defense and technology conglomerate, plans to launch the stablecoin RUBx on the TRON network, with each token backed by Russian Rubles.</li><li>RUBx will comply with local regulations and be audited by CertiK, aiming to integrate with the financial system and adhere to Bank of Russia's requirements to prevent money laundering.</li><li>The stablecoin will initially be used for profitable projects, expanding to retail consumers and businesses, and will work with RT-Pay for transactions, smart contracts, and connections to traditional banking services.</li><li>TRON's ecosystem is seen as suitable for this project due to its fast transactions, low costs, and existing partnerships, such as with Tether's USDT, and TRON's TRX token has a significant market capitalization of $26.8 billion.</li></ul>

Russia’s Rostec Plans Blockchain Arsenal with New Ruble Stablecoin on TRON Network

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