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

According to CoinDesk citing TASS, Russian state-owned giant Rostec announced that it will launch a stablecoin RUBx and payment platform RT Pay anchored 1:1 with the ruble on the Tron blockchain. As a core enterprise of the Russian military industrial complex, the group will serve as the sole issuer and operator of RUBx, and will comply with legal regulations; Ruble actual debt&34; Maintain anchoring value. The RT Pay system will directly interface with the Russian bank settlement network, supporting real-time transfer and smart contract fund locking for enterprises and individuals, claiming to comply with anti money laundering and central bank regulatory requirements. The project code will be open sourced to GitHub and undergo security auditing by CertiK. This move comes at a time when the Russian central bank is synchronously piloting the digital ruble and has recently allowed financial institutions to offer cryptocurrency related products to qualified investors.