Rostec has announced the launch of RUBx, a ruble-pegged stablecoin managed via its own RT-Pay platform. This initiative aims to enhance digital transactions and contribute to the country's digital economy.
About the RUBx Stablecoin Launch
Rostec announced the upcoming launch of RUBx, a stablecoin pegged to the Russian ruble, operating on the Tron blockchain. Each RUBx token will be fully backed by rubles, ensuring compliance with local regulations.
Management through RT-Pay
The RT-Pay platform will manage the RUBx stablecoin, simplifying digital ruble transactions. The project is led by Dmitry Shumayev, who plans to publish the code on GitHub and undergo a CertiK audit before launch.
Expectations and Comparisons with Other Projects
The launch of RUBx is expected to facilitate domestic transactions and strengthen the infrastructure of the digital economy. While it is not anticipated to have an immediate impact on global markets, its successful implementation could change local financial practices. Industry observers draw comparisons between RUBx and similar initiatives like China's Digital Yuan.
The launch of RUBx represents a significant step for Rostec towards digitizing Russia's economy. Successful implementation may influence local financial ecosystems and promote the further development of stablecoins in the country.
