Russia’s Rostec to Launch Ruble-Backed Stablecoin on Tron Blockchain

Russian state-owned defense and technology giant Rostec has unveiled plans to launch a ruble-pegged stablecoin and digital payments platform by the end of 2025, marking one of the country's most significant moves yet toward blockchain-based financial infrastructure.

The new digital currency, named RUBx, will maintain a 1:1 peg with the Russian ruble and be issued through Rostec’s proprietary payment system, RT-Pay, according to a July 3 announcement reported by TASS.

Built on Tron, Audited by CertiK

RUBx will be deployed on the Tron blockchain, with developers planning to release the associated smart contract code on GitHub. The project will also undergo a pre-launch audit by blockchain security firm CertiK, signaling an effort to prioritize transparency and security.

Deputy General Director Alexander Nazarov stated that each token will be backed by legal claims to actual ruble reserves, ensuring regulatory compliance and financial equivalence. This structure allows users—both individuals and businesses—to transact with digital rubles over public blockchain rails, while staying aligned with Russian laws and financial oversight protocols.

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RT-Pay Will Integrate With Banks and Wallets

The RT-Pay platform is designed to connect seamlessly with the country’s existing banking systems, enabling features such as real-time settlement, smart contract execution, and interoperability with external digital wallets. Rostec emphasized that the system adheres fully to anti-money laundering (AML) rules and counter-terrorism financing (CTF) regulations, as outlined by the Russian Central Bank.

Strategic Rollout to Survey Market Demand

According to project lead Dmitry Shumayev, the launch will proceed in phases, beginning with trials across key industries to gauge uptake. Future expansions may include additional financial services and digital asset tools, depending on user interest and institutional feedback.

Rostec framed the initiative as part of its broader mission to advance domestic technology solutions and reduce reliance on foreign financial infrastructure. The move also aligns with Russia’s increasing focus on digital ruble development as geopolitical and sanctions-related pressures continue to shape its economic strategy.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.