Russian defense conglomerate Rostec to launch ruble-pegged stablecoin on TRON

  • Rostec, the Russian defense and technology conglomerate, announced on July 3 that it will introduce a ruble-pegged stablecoin and a linked payment network this year, utilizing Tron infrastructure. According to the Russian news agency TASS, Rostec named the token RUBx and set a one-to-one exchange rate with the ruble.