Stablecoin News – On July 5, 2025, Russian state-owned manufacturing firm Rostec announced plans to launch RUBx, a ruble-pegged stablecoin on the TRON blockchain, as reported. Rostec’s deputy general director, Alexander Nazarov, told TASS that RUBx will be backed 1:1 by rubles, ensuring stability for legal, fast transactions within Russia’s tightly regulated financial system. The initiative includes a payments platform to integrate RUBx into Russia’s economy, targeting both domestic and international use cases.
RUBx aims to bolster Russia’s financial sovereignty amid sanctions and global crypto restrictions, such as Ukraine’s recent sanctions on Russian crypto entities.
TRON’s high-speed, low-cost network makes it an ideal choice for RUBx, which seeks to compete with dollar-based stablecoins like USDT and USDC. Rostec’s move follows a trend of state-backed digital assets, with Russia exploring crypto to circumvent traditional financial barriers.
However, challenges loom. Russia’s strict financial laws and centralized control over RUBx raise concerns about transparency and user autonomy.
Unlike decentralized stablecoins like Dai, RUBx’s state-backed nature may deter global adoption. On July 7 noted rising stablecoin fraud in nearby Shenzhen, suggesting regional risks could impact RUBx’s rollout. Additionally, TRON’s association with Tether’s USDT, which dominates stablecoin markets, may overshadow RUBx’s launch. Rostec’s ambitious plan could reshape Russia’s digital finance landscape, but its success hinges on navigating regulatory and geopolitical hurdles.
