Rostec, a Russian state-owned weapons manufacturer, plans to launch a stablecoin named RUBx, backed one-to-one by rubles, operating on the Tron blockchain. This development, reported by state media, comes amid Russia's increasing use of cryptocurrencies to circumvent international sanctions. Rostec aims to facilitate money transfers for businesses and individuals and will additionally introduce a payments platform called RT-Pay, leveraging the country's banking infrastructure. Tron, a favored network for stablecoins, enables quick and cost-effective transactions, essential for the stablecoin's operations. The initiative highlights Russia's broader engagement with crypto as the country seeks avenues to adapt to economic restrictions. Major players like Meta and Amazon have also shown interest in issuing their own tokens, reflecting a growing trend towards stablecoin adoption across various sectors. Rostec's entry into the stablecoin space signifies a notable shift in the intersection of military-industrial enterprises and the crypto economy.

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