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

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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,…



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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,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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