Stablecoin adoption is in full swing, and it has now reached the Russian defense sector. Rostec, a state-owned defense company, has recently stated it has plans to launch a stablecoin and a payment platform to expedite its settlements.

The company expects to launch these instruments, both the RUBx token and the RT-Pay payment platform, later this year.

According to TASS, Rostec Deputy General Director Alexander Nazarov stated:

Each RUBx is backed by real obligations in rubles. This is legally fixed. The token to real ruble ratio is one to one.

The Ruble stablecoin will be issued on top of the Tron blockchain, and will be operated by Rosted itself. RT-Pay, the associated payment platform, will have a component that will allow users to connect it to the Russian banking system, bridging traditional finance with decentralized elements.

“The new platform will be implemented in stages, considering the needs of various sectors of the economy. Particular attention will be paid to security issues and integration with the existing financial infrastructure,” Nazarov noted. He also stated that this platform would become “the basis for a number of innovative financial services and services.”

Rostec would be one of the first defense platforms adopting stablecoins officially, which might open the doors to more private and unblockable transactions.

Rostec CEO Sergey Chemezov declared that the company provides 80% of the weapons used during the Russian-Ukrainian conflict, highlighting that it has opened new shifts since the beginning of the operation.

The company would be seeking to sidestep the sanctions that have been crippling its activities since 2022, product of its participation in the Russian-Ukrainian conflict, opening new markets for its defense-based products.

Read more: Russia Sets Digital Ruble Deadline for Mass Adoption by Major Banks and Retailers

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