Who is it's not I want something unique Stablecoin recently? Well, don't count the Russian war machine.
Crypto is once again finding a use case in Russia. State-owned weapons manufacturer Rostec is currently planning to launch its own Stablecoin called RUBX. Digital tokens are backed out by Rubles and Rubles Available at Tron.
News Agency Tas First reporting the news, Alexander Nazarov, assistant director of Rostek, argued that the tokens were supported one-on-one by the ruble.
“Each rubx is backed by the true obligations of the ruble,” Nazarov said. Tas. “This has been legally amended.”
The report added that the Russian central bank has approved the project. This allows businesses and individuals to move their money.
Rostecs (like aircraft and defense systems), which are primarily known for their weapons production, also make other things, such as medical tools and car engines. And now, crypto is also a token. Additionally, they plan to launch a payment platform called RT-Pay, using Russian banking infrastructure. Tas.
The company did not respond immediately DecryptionRequest a comment.
Tron is the blockchain behind it TRXthe eighth largest digital coin – it currently has a market capitalization of $26.8 billion. The Tron blockchain allows users to send digital tokens cheaply and quickly, as it allows users to send digital tokens quickly only in decentralized financial spaces, without the users revealing their identity.
Major Stub Coins USD coin and USDT It can be used on Tron networks and other blockchains such as Ethereum and Solana.
stablecoins It is a popular digital token supported by non-volatile Fiat currencies such as the dollar, euro, or in this case the ruble. There are also gold-backed stub coins, but they are not very common.
The idea is that crypto traders can trade as quickly as they would buy Bitcoin Other digital assets do not require traditional bank rails. Stablecoins are also popular for transferring payments and remittances, as they are faster and cheaper to send crypto funds than banks and wire services.
Stalecoins has recently become mainstream with major companies like Meta and Amazon and major banks like Bank of America, all showing interest in issuing their own tokens. Neobank Revolut also wants to see AS action Decryption It was reported previously. The US in Wyoming is scheduled to debut its own Stablecoin in August. And the list goes on and on.
Experts said before Decryption They hope that following the passage of friendly laws in the US, a crazy rush of possibly thousands of stubcoins will enter the market. why? Stablecoins is a big company, and companies like Circle, the issuer behind USDC, can be found by placing dollars in favor of tokens in the US Treasury that will win billions of rakes (more passively) and earn yields.
Russia appears to be poised to compete at the moment. The country's first entry has not entered the code. Recently, I used Crypto to avoid European sanctions imposed after the invasion of the US and Ukraine. Crypto mining It's now legal Last year, it was in the country as well.
President Vladimir Putin also spoke about Bitcoin: Who did he ask at last year's public forum? You may be able to shut down Bitcoin and other electronic payment systems. answer? “Nobody,” he said.
