Russian state-owned giant Rostec plans to launch a stablecoin and payment platform with the ruble on Tron

The Russian state-owned giant Rostec has announced that it will launch RUBx, a ruble-anchored stablecoin, and RT-Pay, a payment platform, on the Tron blockchain. As the core enterprise of the Russian military-industrial complex, the group will serve as the sole issuer and operator of RUBx and maintain the anchor value through the "actual debt in rubles" stipulated by law.
The RT-Pay system will be directly connected to the Russian bank settlement network, enabling enterprises and individuals to transfer money in real time and lock funds in smart contracts, claiming to comply with anti-money laundering and central bank supervision requirements. The project code will be open-sourced to GitHub and subject to security audits by CertiK. The move comes as the Russian central bank simultaneously pilots digital rubles and has recently allowed Financial Institution Group to offer crypto-related products to qualified investors.