Rostec Unveils Ruble-Backed Stablecoin RUBx on TRON to Power Russia’s Digital Finance Shift

Russian defense and technology conglomerate Rostec is preparing to introduce a new ruble-backed stablecoin called RUBx, developed on the TRON blockchain. The digital token will be fully backed by reserves of the Russian ruble and legally recognized as a stable-value digital asset. As the sole issuer, Rostec will oversee both the issuance and management of RUBx through its newly developed payment ecosystem, RT-Pay, which integrates directly with Russia’s domestic banking infrastructure.

The initiative aims to modernize Russia’s financial system by enabling 24/7 digital payments with low transaction costs, enhanced traceability, and smart contract automation. The RUBx system is being designed with transparency in mind—its smart contract code will be made public via GitHub and independently audited by cybersecurity firm CertiK. Furthermore, the project adheres strictly to national financial laws, including anti-money laundering (AML) and counter-terrorism financing (CTF) regulations, in coordination with the Central Bank of Russia.

Rostec plans a phased rollout, initially targeting sectors with complex payment demands such as defense, heavy industry, and exports. Later phases will bring the technology to broader business applications and eventually consumer markets. The move aligns with Russia’s ongoing shift toward digital finance, complementing its central bank digital currency (CBDC) pilot and broader exploration of blockchain-based financial instruments.

Some observers suggest that the launch of RUBx also serves a strategic purpose—offering Russia a state-controlled alternative to SWIFT and Western financial infrastructure, especially in light of ongoing international sanctions. With successful deployment, RUBx could also be used in cross-border settlements with countries like China and India where crypto is already being explored as a workaround to traditional finance restrictions.

Overall, the RUBx initiative reflects Russia’s push for digital sovereignty while embracing blockchain to streamline domestic and international transactions.