Russian Arms Maker also wants his own Stablecoin – on Tron

WHO not wants to be his stabile nowadays? Well, don’t count the Russian war machine.

Crypto finds again use cases in Russia, such as State ownership manufacturer Rostec is now planning to launch his own Stablecoin, called RUBX, reports from the Russian state media. The digital token is supported by ROEBEL and Available on Tron.

News agency Tass The news reported for the first time, stating Alexander Nazarov, deputy general manager of Rostec, who claimed that the token will be supported one-on-one by ROEBEL.

“Every RUBX is supported by real obligations in Roebel,” Nazarov said Tass. “This is legally resolved.”

The report added that the Central Bank in Russia had approved the project, with which companies and individuals can move money.

Rostec, which is best known for its weapon production – things such as planes and defense systems – also makes other things such as medical devices and car engines. And now also crypto -tokens. Moreover, it is also planning to launch a payment platform called RT-Pay, using the Russian bank infrastructure, according to Tass.

The company did not respond immediately DecryptThe request for comments.

Tron is the blockchain behind TRXThe eighth largest digital currency – with a current market capitalization of $ 26.8 billion. The Tron Blockchain is popular as a payment network for Stablecoins because it enables users to send the digital tokens cheaply and quickly, although usually only in the decentralized financial space, where users connect permission gress and without revealing their identity.

Major stablecoins USD -Munt And USDT are available on the Tron network, as well as other block chains such as Ethereum and Solana.

Stablecoins His popular digital tokens that are supported by non-fighter Fiat currencies such as dollars, euros or in this case ruble. Stablecoins supported by gold also exist, but are less common.

The idea is that crypto traders can do fast transactions – such as buying Bitcoin And other digital assets – without having to use traditional bank rails. Stablecoins are also popular for payments and sending transfers abroad, because it is faster and cheaper to send money with crypto than via banks or wire services.

Stalecoins have recently become mainstream with large companies such as Meta and Amazon, and large banks such as Bank of America, all of which show interest in publishing their own tokens. Neobank Revolut also wants the action like Decrypt previously reported. The US state of Wyoming will debut his own Stablecoin in August. And the list continues.

Experts have told earlier Decrypt They expect a crazy stream of Stablecoins – possibly in the thousands – to enter the market after the approval of friendly legislation in the United States. Why? Stablecoins are Big Business, and companies such as Circle, the issuer behind USDC, Hark in billions-minus or more passive-by placing the dollars back in their tokens in proceeds-earning American treasuries.

Russia now seems ready to enter the race – not the first trip of the country in Crypto. It recently used crypto to avoid American and European sanctions imposed after the country’s invasion of Ukraine. Crypto -mining became legal Last year also in the nation.

President Vladimir Putin also talked about Bitcoin: in a public forum last year he wondered who Could possibly stop bitcoin and other electronic payment systems. The answer? “Nobody,” he said.