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Rostec, the main Russian state defense conglomerate, found a way to circumvent traditional banking systems. He revealed his intention to present his Rubx Stablecoin next to RT-Pay, a specialized platform designed for cryptocurrency-based transactions.
Token Rubx that keeps the peg 1: 1 Russian rubleIt will work in the Tron Blockchain network.
In July 3 StatementThe Rostec indicated that both Stablecoin and RT-Pay platforms would function as safe payment mechanisms for commercial entities and retail users.
Why could Rubx Stablecoin “kill fast” for Russian payments despite American sanctions
Rostec claims that the platform operates in full compliance with Russian regulatory frames, including the requirements for the central bank and protocols against money laundering aimed at preventing terrorists from financing.
“Each RUBX token is supported by the real duties of denominated rubles. This support is legally secured. The token keeps the ratio of individual with the real ruble. We plan to start the system by this year, with Rostec acting as a primary operator“Said Deputy CEO Rostec Alexander Nazarov.
Rostcec worked under Complex US sanctions Since June 2022, introduced after a Russian military invasion of Ukraine.
These restrictions, forced by multiple nations, including the United States and the European Union, focus on subsidiaries and associated entities Rostec.
Sanctions are trying to reduce Russian military production capacity and its skills in weapons production.
Industry observers characterized the Rubx Stablecoin initiative as Russian strategic attempt to bypass swiftInternational financial report system under the supervision of central banks G-10, including the United States.
This interpretation gains credibility as the Russian central bank has explicitly listed in recent years That its primary goal in the development of digital ruble is to provide Russian corporations and financial institutions “independence from Swift”.
Russia “Crypto Shift”: state companies use blockchain to defeat the dominance of the dollar
As for the upcoming Rubx Stablecoin, the Rostcec confirmed that RT-Pay platform It will integrate into existing banking infrastructure, allowing you to process and interact with digital payments with external cryptocurrency wallets and intelligent contracts.
Token Rubx, built on Tron Blockchain Justina SunIt will have its source code published on Github and undergo verification and security audit from Certik, independent international security firm Blockchain.
It also seems that Russia is increasingly accepting cryptocurrency as a method to circumvent international sanctions.
Russian Agricultural Bank (Rusag) recently Russian Agricultural Bank (Rusag) announced that he was working with the Russian bank To assess a payment solution based on digital assets for grain export transactions.
Russia is exploring ways to use cryptocurrencies to settle grain export payments because the country looks like Western sanctions are bypassed.#Russia #Cryptohttps://t.co/zcsttlej
– Cryptonews.com (@cryptonews) 2 June 2025
Irina Zhachkin, the first deputy CEO Rusag, characterized cryptocurrencies as “”a practical alternative tool“For international payments, especially because sanctions continue to limit Russia’s access to conventional financial systems.
Russian grain exporters face growing pressure from restrictions that affect logistics, transport insurance and access to Swift Banking Network.
These restrictions have an increasingly complicated ability of Russian companies to make transactions in US dollars or euros.
The RUBX Stablecoin initiative mechanisms are based on the previous experience of Russia using cryptocurrencies, including Bitcoins (BTC), Ethereum (ETH) and Tether (USDT) Oil trade settlements with China and India.
China and Russia reportedly use bitcoins to settle energy stores, which means a significant shift in the dynamics of global trade and de-delarization.#Bitcoin #Energyhttps://t.co/uvjdn4rzsv
– Cryptonews.com (@cryptonews) April 10, 2025
At the same time, state -owned enterprises develop proprietary blockchain services.
For example, in March, Gazprom, a Russian energy giant, launched in a majority state, a series of tradable Blockchain-Oh Digital Financial Assets (DFAS).
Similarly, Rostelecom, the largest Russian telecommunications and digital service provider, has previously released two proprietary DFAs on the Moscow Stock Exchange this month.
In addition, Russia seems to use cryptocurrency and distributed book technology (DLT) as countermeasures against international sanctions.
In May, Russian Media outlet RBC informed that the central bank has set regulatory instructions Management of the use of cryptocurrency by Russian companies in international trade agreements.
These regulations specify that digital currencies “must not be associated with securities issued by enemy issuers” and emphasize the need to involve in projects that maintain the presence in “friendly countries”.
Contribution Sanctioned Russian giant Rostec bypasses banks with Tron Rubx Stablecoin He appeared for the first time Cryptonews.
