RUBx is a ruble-backed stablecoin issued by Rostec, fully supported by regulated debt obligations in Russian rubles.
RT-Pay is a digital payment platform designed for legal, smart contract-based transactions integrated with Russia’s banking system.
Both RUBx and RT-Pay will launch in stages, focusing on compliance, security, and alignment with national financial infrastructure.
Russia is taking a structured step into blockchain-driven finance with the introduction of two major digital tools. According to a report by tass, State-owned technology firm Rostec has confirmed the upcoming launch of a ruble-backed stablecoin, RUBx, and a new payment system called RT-Pay. Confirmed by cryptothedoggy's post on X, both are designed to offer secure, regulated digital transactions in compliance with Russia’s financial laws.
https://twitter.com/cryptothedoggy/status/1941180204937773092 RUBx Stablecoin Pegged 1:1 to the Ruble
RUBx is a stablecoin issued and operated solely by Rostec. It is built on the Tron blockchain and pegged 1:1 to the Russian ruble. The company will back each token with real rubles held under regulated debt obligations. Rostec confirmed that this structure complies with Russian legal frameworks.
Alexander Nazarov, Deputy General Director of Rostec, stated that the stablecoin’s value reflects actual currency holdings in rubles. This mechanism ties the token directly to the national currency, ensuring transparent backing and consistent valuation.
The issuance and management of RUBx will remain centralized under Rostec’s control. This allows legal oversight and ensures that the token remains within the boundaries of national monetary policy.
RT-Pay Platform Designed for Speed and Compliance
Alongside RUBx, the company will roll out the RT-Pay payment system. This platform is intended for both individuals and businesses. It enables digital payments through smart contracts and integrates with Russia’s existing banking infrastructure.
RT-Pay will support direct transfers using digital wallets, functioning under full compliance with financial regulations. Rostec confirmed the platform will operate within anti-money laundering frameworks and rules set by the Central Bank of Russia.
To ensure public trust, RT-Pay’s codebase will be published on GitHub. The platform will also experience security audits by the global cybersecurity firm CertiK. This step aims to confirm the system’s dependability before full-scale deployment.
Gradual Rollout with Sector-Specific Focus
According to project manager Dmitry Shumayev, the deployment of both RUBx and RT-Pay will follow a staged rollout plan. This approach will target key economic sectors and ensure alignment with existing financial systems.
The company is placing added focus on integration and user security. Implementation will prioritize efficient onboarding for businesses, especially those requiring smart contract-enabled payment solutions.
Rostec’s move follows broader efforts by Russia to modernize its financial infrastructure. This includes ongoing work on the country’s own central bank digital currency, the digital ruble. With both RUBx and RT-Pay, the government adds new tools to expand digital transaction capabilities under existing monetary controls.
