Russia’s state-backed tech conglomerate, Rostec, is entering the crypto scene — but not in the way you might expect. Instead of decentralization, the company is banking on control.
It’s preparing to launch a ruble-pegged stablecoin and a blockchain-based payments system, both designed to operate fully within the country’s strict regulatory guardrails.
The stablecoin, RUBx, will live on the Tron blockchain and mirror the Russian ruble one-to-one. But unlike most public crypto projects, this token will be entirely issued, managed, and backed by Rostec itself. Every RUBx will be tied to actual ruble-denominated obligations, ensuring the value is legally and financially anchored.
Alongside this token, Rostec is also building RT-Pay, a payments infrastructure that will allow for smart contract functionality and digital wallet transfers while being tightly integrated with the existing banking framework. This setup aims to enable frictionless transactions between users without violating national financial controls. Open-source code will be available to the public, and cybersecurity oversight will be provided by CertiK.
Rostec says the release will be gradual, targeting key industries and institutions first. Unlike experimental crypto startups, the firm is opting for a step-by-step deployment — less hype, more bureaucracy.
This initiative adds to Russia’s growing portfolio of blockchain experiments, including its ongoing digital ruble pilot by the central bank. The arrival of RUBx and RT-Pay shows that while Russia remains skeptical of decentralized currencies, it is eager to co-opt blockchain for state-controlled digital finance.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is passionate about questions of meaning. He is a fluent German speaker as well as He has been in the crypto space for more than three years and has an eye for spotting emerging trends in the world of digital currencies. Whether providing in-depth analysis or reporting on all topics on a daily basis, his deep understanding and enthusiasm for what he does makes him a valuable addition to the team.
Source: https://coindoo.com/russia-unveils-ruble-backed-stablecoin-and-blockchain-payment-platform/