Russia Stablecoin price

Key Insights: Transactions on the Tron network blast past 13 billion, marking a new milestone. Rostec, a Russian company, rolls out RUBX, a Ruble-backed token. TRX concludes yet another week in the green as price wards off sell pressure. Tron was no doubt one of the fastest-growing networks in the last five years. The extent of its success was recently cemented by a major milestone related to network transactions. The Tron network recently crossed the 13 million transaction milestone, making it one of the successful blockchains in the world. The network recently managed to achieve over 8 million daily transactions. Tron transaction count | Source: CryptoQuant A recent CryptoQuant report revealed that a significant chunk of the transaction activity was stablecoin-related. Particularly, USDT, which maintained its status as the most dominant stablecoin on the Tron network. The Cryptoquant analysis revealed that Tron maintained an average of more than $21 billion in USDT transfers every week. Moreover, the network achieved robust adoption levels in regions such as Asia and South America, where it operated as a parallel system next to the financial system. Mainly due to fast and efficient transfers as well as an alternative option to volatile fiat currencies. Despite its latest achievements, Tron did not show signs of slowing down, especially as far as regional adoption was concerned. The latest crypto news revealed that Russia was reportedly warming up to the Tron network. According to recent reports, a state-owned Russian technology and defence company called Rostec reportedly launched a new crypto token called RUBx. According to reports, the token, which was essentially a stablecoin, will be backed by the Russian Ruble. RUBx made its debut as the first Russian stablecoin developed by a state corporation to be rolled out on a public blockchain. RUBx was also noteworthy for geopolitical reasons. The launch could potentially allow Russian users to bypass international sanctions, as well as traditional banking systems such as SWIFT. Analysts expect Tron to potentially benefit from the robust demand for international fiscal exposure to international finance from Russia. The launch could potentially add to the robust transaction figures that the Tron network currently boasts. The stablecoin’s addressable market was unknown at press time. However, figures from another Russian stablecoin called A7A5 may offer some insights. A Russian publication revealed that the A7A5 stablecoin reportedly transacted about $9.3 billion worth of value in its first 4 months. This was confirmation that there was robust demand for Russian stablecoins in its local market. The recently launched Russian stablecoin was expected to push the Tron stablecoin market cap higher. Interestingly, Tron’s stablecoin liquidity previously maintained a steady uptrend. It recently clocked a new ATH above $81 billion, and the latest addition suggests that it could push even higher. TRX Price Action Concludes Another Week in the Green Tron’s native coin TRX, demonstrated bullish momentum in the last week of June, and it maintained the same energy in the first week of July.  But can the cryptocurrency maintain the same momentum past the $0.30 mark? TRX price exchanged hands at $0.28 at press time, but the crypto has previously demonstrated resistance within the same price level. However, it is worth noting that the MFI regained its upside since the end of June after previously demonstrating some outflows in the second half of June. TRX price action | Source: TradingView According to IntoTheBlock, 4% of TRX in circulation was acquired within the last 4 weeks, confirming the presence of strong demand. About 65% of the coins were acquired or HODLed for more than 12 months, indicating a long-term focus. The fact that price still maintained upside in the last 2 weeks was a sign of limited sell pressure, thus its ability to sustain upside. This was despite a few pullbacks along the way. The post Tron’s New Milestone As Ruble-Backed RUBx Token Launches appeared first on The Coin Republic.

NEW: Russian company Rostec to launch $RUBx, a ruble-backed token on Tron $TRX.

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.  Deputy General Director Alexander Nazarov stated that the corporation will manage the asset through an in-house platform called RT-Pay. The report also said that each coin carries a legal claim to an equivalent amount of currency, providing companies and individuals with a means to transfer rubles on public rails while meeting domestic compliance requirements. Engineers have built RUBx on the Tron blockchain and plan to publish the smart contract code on GitHub. Project head Dmitry Shumayev also revealed that CertiK will audit the contract before launch.  Rostec stated that RT-Pay will integrate with existing bank systems, facilitating straight-through settlement, interactions with external wallets, and the execution of smart contracts.  The firm cited complete alignment with the Russian Central Bank’s guidelines, anti-money laundering statutes, and counter-terrorist finance measures. Shumayev outlined a phased rollout that surveys demand across sectors, with later stages expected to support additional financial services. Rostec framed the approach as an extension of its mandate to develop strategic technology inside Russia’s borders. Russian state dives into crypto The stablecoin plan follows another state-backed move into blockchain finance. Sberbank, the country’s largest lender, sold structured bonds on May 30 that tie returns to Bitcoin’s dollar performance and the dollar-ruble exchange rate.  The bank said at its launch that the over-the-counter product settles in rubles and targets qualified investors who want crypto-linked exposure without the need for offshore wallets. Rostec’s entry focuses on payments rather than market exposure, but both initiatives signal that large Russian institutions continue to integrate digital asset functions within local legal frameworks.  Each entity controls its own distribution and compliance stack, reducing reliance on foreign exchanges while meeting internal audit requirements. Rostec has not shared issuance caps or reserve management details for RUBx, although executives stated that the corporation will hold rubles equal to the total number of tokens in circulation.  The company intends to disclose code and audit reports before activation, which will provide external developers and regulators with a clear view of the contract logic. The post Russian defense conglomerate Rostec to launch ruble-pegged stablecoin on TRON appeared first on CryptoSlate.

TRON @trondao's global stablecoin journey Brother Sun @justinsuntron dominates both Eastern and Western chains 🇷🇺 Military giant Rostec announces: Ruble stablecoin RUBx will launch by the end of the year! Key points at a glance👇 🔥 Why is it attracting attention? • Under comprehensive Western sanctions💣, Russia's military leader Rostec is pushing for a "financial breakthrough" • Launching the legal Ruble stablecoin RUBx (1:1 pegged to the treasury Ruble) • Accompanied by the RT-Pay payment system, targeting cross-border settlements! ⚙️ Technical highlights ▫️ Based on the Tron chain (same source as USDT)🔥 ▫️ Open source + international audit (CertiK)🔒 ▫️ Supports external wallets & smart contracts, more open than the central bank's digital Ruble💡 🎯 Three strategic goals 1️⃣ Break sanctions: Replace SWIFT, directly connect to global wallets🌍 2️⃣ De-dollarization: Replace frozen USDT (Russian companies lost 250 million Rubles in 2025💸) 3️⃣ Expand dominance: Collaborate with BRICS countries to build a new emerging market settlement network🚀 ⚠️ Alarm bells ▫️ Security risks: The Tron chain has been attacked❗ ▫️ Western blockade: Exchanges may collectively ban it🛑 ▫️ Internal conflict risks: Collision with the central bank's digital Ruble🤺 💎 Industry evaluation "State actors officially enter the stablecoin game!" — Crypto analyst David Bailey Russia's ultimate financial weapon against sanctions is now loaded 🔫 ⬇️ What do you think? • Can the Ruble stablecoin really shake USDT? • How will the West respond?