Altcoins News
By James Thorp
1 / 15
RUBx: A Stablecoin Backed 1:1 With the Ruble. The new digital token, RUBx, was officially unveiled on July 3.
2 / 15
Technical Details and Smart Contract Oversight. RUBx is being built using the TRON blockchain, chosen for its speed and low transaction costs.
3 / 15
Rollout Strategy and Sector Focus. Dmitry Shumayev, the head of the project, described a phased rollout that will begin by…
4 / 15
Broader Context: Russia’s State-Backed Blockchain Moves. Rostec’s stablecoin initiative follows other notable blockchain-related developments by Russian…
5 / 15
Strategic Technology for Domestic Innovation. Rostec has framed the RUBx initiative as part of its broader mission to foster strategic…
6 / 15
Transparency and Next Steps. In a notable move for a state-backed project, Rostec plans to publicly release the RUBx smart…
7 / 15
Russia is moving deeper into the blockchain space with the introduction of a ruble-pegged stablecoin by Rostec, one of the country’s largest state-backed defense and technology…
8 / 15
The new initiative highlights a growing trend in Russia’s approach to digital assets—bringing blockchain-based financial tools under state oversight while reducing dependence on…
9 / 15
The new digital token, RUBx, was officially unveiled on July 3. According to the Russian news agency TASS, each RUBx will be backed on a one-to-one basis with the Russian ruble.
10 / 15
Alexander Nazarov, Rostec’s Deputy General Director, confirmed that the stablecoin will function within the boundaries of Russia’s legal framework.
11 / 15
To further strengthen trust in the system, the contract will be independently audited by blockchain security firm CertiK before the stablecoin becomes active.
12 / 15
The RT-Pay platform is designed to link directly with existing Russian banking infrastructure.
13 / 15
Dmitry Shumayev, the head of the project, described a phased rollout that will begin by identifying use cases across various industries.
14 / 15
Rostec emphasized that the initiative aligns with the Central Bank of Russia’s guidelines, as well as with international standards on anti-money laundering (AML) and…
15 / 15
Although Rostec has yet to disclose issuance caps or detailed reserve management policies, executives noted that the company will hold ruble reserves equal to the number of…
The Currency Analytics
Want the full story?