Russian state plans Stablecoin linked to ruble while Banco Central rejects Bitcoin

By Hannah Pérez

The Russian state conglomerate Rostec has drawn an issuance plan of its own Russian stable, Rubx, on the Tron network this year. Meanwhile, the Central Bank of the country is emphatic that it does not seek to invest in Bitcoin for its reserve.

***

• The Russian state conglomerate Rostec has drawn an issuance plan for its own Stablecoin.
• Called Rubx, the Token will have parity with the ruble and will be built on the Tron Network.
• The state also plans a payment platform for retail companies and users.
• Meanwhile, the Central Bank of the country is emphatic in that it does not seek to invest in Bitcoin.

---

A state giant from Russia is contemplating the idea of ​​issuing its own Stablecoin With fiduciary parity in the local currency while the country’s central bank insists that buying Bitcoin It is not on your current agenda.

The Russian state conglomerate ROSTECknown for its role in the country’s military-industrial complex, is planning to launch a digital token linked to the ruble called Rubx, as the local news agency reported this Friday Tass.

The deputy general director of ROSTECAlexander Nazarov, advanced to that medium that the company plans to start its Stablecoin This same year Together with the “RT-PAY” baptized payment platform, which will serve as a vehicle to make monetary transactions for both companies and individuals, according to the report.

Each Token Rubx will keep a 1: 1 ratio with the Russian ruble and will be built on the network Blockchain public of Tronwith plans to publish the contract code in Github, the report continues.

ROSTEC He has also assured that his Stablecoin It will comply with local laws, including the requirements of the Central Bank, as well as measures to prevent money laundering and terrorism financing, adds coverage. It will also follow security standards, for which the state has resorted to the security company Blockchain Certikwhich will be responsible for directing an independent audit.

“Each Rubx is backed by real obligations in Rublos. This is legally arranged. There are plans to launch the system this year, with Rostc as its operator“Nazarov told the newspaper cited.

ROSTEC will launch Stablecoin in Tron this 2025

RT-PAY will establish a direct connection with the country’s rail banking systems. This integration will allow companies and citizens to transfer money in seconds, even outside business hours, or block funds through intelligent contracts.

ROSTEC He assures that RT-Pay, when integrating with the national bank rails, complies with the regulations against money laundering and terrorism financing, in addition to satisfying the standards established by the Bank of Russia, according to the report.

According to Dmitry Shumayev, who runs the Rubx project, the launch will be carried out progressively, starting with sectors that face greater difficulties in payments, and then gradually expand.

“The new platform will be implemented in stages, considering the needs of several sectors of the economy. Special attention will be given to security issues and integration with existing financial infrastructure“, Said Shumayev.”In the future, the ecosystem could become the basis of a series of innovative financial services and benefits“

Founded in 2007 under the presidency of Vladimir Putin, Rostec has the purpose of promoting the development, production and export of high -tech industrial products in Russia. The Corporation, based in Moscow, groups some 800 organized companies and employs approximately 700,000 people, with operations in more than 60 regions of the Russian Federation and exports to more than 70 countries.

Cryptocurrencies gain prominence in Russia

The news comes at a time when cryptocurrencies are taking prominence within the Russian financial industry.

Last month, Sberbankthe largest state bank in Russia with USD $ 626 billion in assets, announced the launch of a new offer of structured and derived bonds linked to Bitcoin.

Also the Moscow bag chose to comment on offering products linked to Bitcoin after beginning of this year the Bank of Russia would allow institutions for the first time Offer instruments linked to cryptocurrencies to qualified investors.

Russian Central Bank does not have Bitcoin Buy

The Central Bank of Russia is separately testing a digital ruble, drawing a distance with volatile assets such as Bitcoin. This same week, the president of the Central Bank of Russia, Elvira Nabiúlina, insisted that the monetary authority is not reviewing the possibility of including cryptocurrencies to her own reserves, according to a separate publication from Tass.

“Considering our attitude towards them as risky and volatile assets, we certainly do not consider that we, as a central bank, can invest in that”Said Nabiúllina.

The manager also reiterated the position of the Russian Central Bank to accept the use of cryptocurrencies for foreign economic activity and allow investments between qualified investors, but in rejecting it as a broader means of payment in the country.

The formerly Soviet nation has been using the new asset class as payment mechanisms for cross -border agreements, including transactions of Bitcoin and Ether in commercial oil operations with China and India. A legislator proposed this year that Russia creates a national reserve of Bitcoin after Donald Trump promoted one in the US.

---

Hannah Estefanía Pérez / Diariobitcoin

Image of Unspash

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.