$TRX News from PANews on July 4 reports that, according to CoinDesk, the Russian state giant Rostec announced it will launch a RUBx stablecoin pegged 1:1 to the ruble on the Tron blockchain, in addition to the RT-Pay payment platform. The group, as the central company of Russia's military-industrial complex, will be the sole issuer and operator of RUBx, maintaining its value anchored by 'real debt in rubles' as stipulated by law.

The RT-Pay system will connect directly to Russia's banking settlement network, supporting real-time transfers and smart contract fund blocking for businesses and individuals, claiming to comply with anti-money laundering requirements and central bank oversight. The project code will be made available as open source on GitHub and will be audited for security by CertiK. This initiative comes as the central bank of Russia is simultaneously piloting the digital ruble and has recently allowed financial institutions to offer cryptocurrency-related products to qualified investors