Russian Arms Maker Wants Its Own Stablecoin Too—On Tron

Szo No they want their own Stablecoin today? Do not count the Russian war machine.

Krypto is looking for cases of use in Russia as State weapons Rostec is now planning to launch its own stablecoin, dubbed Rubx, Russian state media news. The digital token will be supported by rubles and Available on Tron.

Press agency Tass She first announced the news and quoted Alexandra Nazarova, Deputy CEO Rostec, who claimed that the token would be supported by one -on -one rubles.

“Every rubx is supported by real duties in rubles,” Nazarov said Tass. “This is legally repaired.”

The report added that the Russian central bank approved a project that will allow companies and individuals to move the money around.

Rostec, which is primarily known for its production of weapons – things like aircraft and defense systems – also produces other things such as medical tools and cars. And now also crypto chips. In addition, it also plans to launch a payment platform called RT-Pay using Russian bank infrastructure Tass.

Society did not respond immediately UnscrambleRequest for comment.

TRON is a blockchain behind TRXEighth largest digital coins – with the current market ceiling of $ 26.8 billion. Tron Blockchain is popular as a payment network for Stablecoins because it allows users to send digital chips cheaply and quickly, although usually only in a decentralized financial space where users without permission and without revealing their identity.

Stablecoins USD and USDT are available in the TRON and other blockchain network Ethereum and Solan.

Stablecoins They are popular digital tokens that are supported by non -colliding Fiat currencies, such as dollars, euro or in this case Rubles. There are also stablecoins supported by gold, although they are less common.

The idea is that the traders of crypto can make fast transactions – such as the purchase Bitcoin And other digital assets – without the need to use traditional bank rails. Stablecoins are also popular for payments and sending remittances abroad because it is faster and cheaper to send funds with crypto than through banks or wire services.

StaleCooins recently went mainstream with the main companies like Meta and AmazonAnd the main banks like Bank of America are all interested in publishing their own chips. Unobtrone Revolut He also wants in action like Unscramble previously reported. American state of wyoming is Sets his debut to make his own stablecoin in August. And the list continues and further.

Experts have previously said Unscramble They expect and mad rush of stablecoins—Possibly in thousands – enter the market after Passage of friendly legislation in the United States. Why? Stablecoins are a large enterprise and companies like Circle, USDC issuer, billions of billions, or less passively-dollars that support their tokens for revenue from American treasures.

Russia now seems to be ready to enter the race – not the first invasion of the country into the crypto. She recently used a crypto to avoid US and European sanctions stored after the invasion of Ukraine. Crypto has become legal Also in the nation last year.

President Vladimir Putin also talked about Bitcoins: on the public forum last year, He asked Szo It could stop bitcoins and other electronic payment systems. Response? “No one,” he said.