Rostec has unveiled plans to launch RUBx, a stablecoin tied to the Russian ruble, marking a significant step towards digitalizing the country's financial systems.
Introduction to RUBx
Rostec has introduced RUBx—a stablecoin that will be based on Tron technology. The launch of RUBx aims to integrate digital currencies into mainstream financial systems in Russia.
Technical and Security Aspects
Deputy General Director Alexander Nazarov confirmed RUBx's backing by actual debt obligations. Technical Director Dmitry Shumayev oversees security and transparency matters.
> "The token’s value is secured by actual debt obligations in rubles, according to Russian law. This ensures RUBx is tied directly to the country’s currency in a transparent and trustworthy way." — CITE_W_A.
Integration with RT-Pay
Integrating RUBx into RT-Pay could simplify digital payments across Russia’s banking systems, positively impacting transactions within the digital economy.
The launch of RUBx is poised to significantly impact Russia's digital economy and payment infrastructure, ensuring high levels of transparency and trust.
