<ul data-eligibleForWebStory="false"><li>Russia’s state-owned conglomerate Rostec plans to launch a stablecoin named RUBx, pegged 1:1 to the Russian ruble, on the Tron blockchain.</li><li>The stablecoin will be backed by real rubles, with each RUBx token supported by one Russian ruble to ensure compliance with Russian banking laws.</li><li>Rostec will introduce a payment platform, RT-Pay, to facilitate smooth transactions with RUBx and comply with Russian regulations, including anti-money laundering measures.</li><li>Rostec will roll out RUBx and RT-Pay in stages to experiment with the system's security and meet the needs of various sectors, contributing to modernizing Russia’s payment systems.</li></ul>

Russia’s Rostec to Launch Ruble-Pegged Stablecoin RUBx on Tron

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