Swedish Justice Minister Gunnar Strömmer has instructed the police, the Tax Office and the Enforcement Office to more effectively identify and seize cryptocurrency assets obtained through crime. Strömmer called for more effective use of the new confiscation law that came into effect in November last year. Thanks to the new legal regulation, if authorities suspect that a person's assets are derived from criminal proceeds and the person cannot explain the source of these assets, these assets can be seized without a conviction. “We are calling on the institutions to increase their cooperation and increase the pressure even further, with a particular focus on assets that generate large profits,” Strömmer said. So far, assets worth 80 million Swedish crowns (about $8.4 million) have been seized. The law also applies to children and mentally ill individuals, according to the Swedish parliament's website. Related News: Famous Bitcoin Analyst Makes New Prediction for BTC Price: “Michael Saylor's Latest Move Points to BTC Price Target of...” The call comes at a time when some MPs in the Riksdag are advocating the establishment of a national Bitcoin reserve, following similar steps in countries such as the United States, the Czech Republic and Italy. Supporting the idea, Dennis Dioukarev from the Sweden Democrats welcomed Strömmer’s statements, saying: “I support the confiscation of all illegally obtained assets in order to combat crime and make life difficult for criminals.” Dioukarev said that the confiscated cryptocurrencies should be transferred to the Swedish Central Bank (Riksbank) to create a strategic Bitcoin reserve. While the number of people connected to criminal networks in Sweden is stated to have reached 62,000 in 2024, drug traffickers and money launderers are reported to use cryptocurrencies to a significant extent. *This is not investment advice. Continue Reading: Sweden’s Minister of Justice Makes Critical Statements on Cryptocurrency: Issues New Instructions
If this sees the light of day, XRP might soar to unprecedented heights, thanks to a notable leg up. Is XRP Eyeing the $10 Zone? According to market analyst Leandrocrypto, “XRP It’s respecting this uptrend beautifully on both the 4H and daily charts. Every dip is getting bought up — feels like something big is being built here. Could this be the early steps on the road to $10?” From the above chart, XRP continues to form higher highs and higher lows, which is bullish. This is because each higher low shows that buyers are stepping in at higher prices during pullbacks, meaning demand is increasing. Furthermore, higher highs confirm that the market is willing to push prices beyond previous peaks, showing strong bullish sentiment. If this trend continues, XRP might be primed to reach the $10 level in the near future, thanks to various bullish developments, such as the high chances of an XRP exchange-traded fund (ETF) approval . Crypto pundit Vincent Van Code added , “By popular demand, I thought I would add to this post by explaining why I think an XRP price of $30-$50 is possible (timing unknown), here's what I am now following (list gets bigger every month).” Vincent Van Code noted that there was a possibility of XRP hitting the $30 to $50 price range because Ripple is eyeing a master account approval from the Fed as RippleNet targets 20–30% of the $1T cross-border payments market. Furthermore, the XRP Spot ETF approval could unlock $20–$50B in institutional inflows, as global momentum builds with more than 50 countries adopting XRP for Central Bank Digital Currency (CBDC) bridges. Why the Approval of Ripple’s U.S. Banking License Would Be a Game-Changer Ripple’s July 2 application to the OCC for a national trust bank charter represents a major turning point, not just for Ripple Labs, but for the broader crypto industry. If approved, this license would empower Ripple to fully integrate crypto-native financial services into the regulated mainstream, delivering enhanced transparency, lower costs, and faster transactions. 1. Dual Oversight: Building Trust Currently, Ripple's RLUSD stablecoin is regulated at the state level by the New York Department of Financial Services. A federal OCC charter would layer in national oversight, creating an unprecedented “benchmark for trust in the stablecoin market.” This dual oversight signals a new era where crypto issuers operate under the same rigorous standards as established financial institutions. 2. Direct Fed Access: Smoothing the Rails Ripple’s subsidiary, Standard Custody & Trust Company, also applied for a Federal Reserve master account. Approval would grant Ripple direct access to the Fed’s payment rails, enabling 24/7 settlement, reserve custody, and issuance without reliance on middlemen. That’s a groundbreaking leap forward in reducing both cost and friction. 3. Regulatory Momentum & Legislative Alignment Ripple’s move comes in step with Circle, BitGo, Wise, and others seeking charters , reflecting a broader pivot in crypto towards regulated trust banks. The Senate’s recent advancement of the GENIUS Act further cements this trajectory, preparing for mandatory stablecoin issuer licensing. Ripple is positioning itself ahead of the curve. 4. Faster, Cheaper, Transparent Payments With a charter, Ripple can bypass correspondent banks, speeding up cross-border and institutional payments. As Reuters notes, this could drastically reduce costs and improve settlement times. 5. Strategic Edge in Institutional Adoption Federal charters attract institutional clients who prioritize compliance. With explorer-level transparency over reserves and direct Fed custody, RLUSD becomes far more appealing to banks, fintechs, and enterprise partners. 6. Confidence Building after Legal Headwinds Ripple has spent years in legal limbo over SEC issues. A federal banking charter would signal maturity and resolve, reinforcing its legitimacy in U.S. finance. Conclusion If the OCC green-lights Ripple’s application, it would mark the first major crypto-native stablecoin issuer to earn a U.S. federal charter. That opens doors to better regulation, faster payments, deeper institutional adoption, which will set a new standard for how digital assets move from fringe to foundational. As a result, this will be a major foundation for XRP’s journey to the psychological price of $10.
BitcoinWorld Türkiye Crypto Regulation: Unprecedented DEX Crackdown Targets PancakeSwap, Shaking Markets The cryptocurrency world is abuzz with recent news from Türkiye, where a significant move by the Capital Markets Board (CMB) has sent ripples through the decentralized finance (DeFi) space. For the first time, a major DEX crackdown has occurred, with popular decentralized exchange PancakeSwap (CAKE) becoming the target. This unprecedented action highlights a new era of Türkiye crypto regulation , raising critical questions about the future of decentralized platforms and the impact on Turkish crypto users . What Exactly Happened: The PancakeSwap Ban Explained? In a landmark decision, Türkiye’s Capital Markets Board (CMB) has officially blocked access to PancakeSwap, a prominent decentralized exchange, and CryptoRadar, a crypto price comparison platform. This isn’t just a minor technicality; it’s a direct response to these platforms allegedly offering unauthorized digital asset services within the country. According to reports from Türkiye Today, this marks the very first time Turkish authorities have taken such stringent regulatory action against a decentralized platform. The move comes on the heels of new legislative powers granted to the CMB. These powers specifically enable the board to block unlicensed foreign crypto services that are perceived to be targeting Turkish users. This shift indicates a proactive stance by Türkiye to assert control over the burgeoning crypto market within its borders, signaling a broader intent to bring all crypto-related activities under a regulatory umbrella. Why is This DEX Crackdown Significant for the Crypto Market? This incident is not just about a single platform; it represents a pivotal moment for the global cryptocurrency landscape, especially concerning decentralized finance (DeFi). Here’s why: First of its Kind: It’s the first known instance of a major nation state directly blocking a decentralized exchange. DEXs are designed to be censorship-resistant and operate without central intermediaries, making this regulatory intervention a significant challenge to their core principles. Regulatory Precedent: This action sets a powerful precedent. Other countries facing similar challenges in regulating their crypto markets might look to Türkiye’s approach as a model. Challenge to Decentralization: The very nature of a decentralized exchange is to exist beyond the reach of single points of control. Türkiye’s ability to block access, even if only at the ISP level, demonstrates that even decentralized platforms are not entirely immune to state intervention, especially concerning user access within national borders. Impact on User Access: While VPNs and other circumvention methods exist, a direct block makes it significantly harder for average Turkish crypto users to access these platforms, potentially pushing them towards regulated, centralized alternatives or into less secure avenues. How Will This Affect Turkish Crypto Users and the Local Market? The immediate impact on Turkish crypto users is clear: direct access to PancakeSwap is now restricted. This could lead to several shifts within the local crypto market: Shift to Centralized Exchanges: Users might gravitate towards centralized exchanges (CEXs) that are either licensed or tolerated by Turkish authorities. This could increase trading volume on platforms like Binance TR or Paribu, which operate within a more defined regulatory framework. Increased Demand for VPNs: Savvy users might resort to Virtual Private Networks (VPNs) to bypass geographical restrictions, though this comes with its own set of security and legal risks. Reduced DeFi Participation: The ease of access to DeFi protocols might decrease, potentially stifling innovation and participation in the decentralized ecosystem among Turkish citizens. This could limit their access to various DeFi services, from yield farming to liquidity provision, which are hallmarks of a decentralized exchange . Regulatory Clarity (or Lack Thereof): While the ban brings a form of regulatory action, it also creates uncertainty. Users and businesses might become more cautious about engaging with platforms that could suddenly face a similar ban. Table: Centralized vs. Decentralized Exchanges in Light of New Regulations Feature Centralized Exchange (CEX) Decentralized Exchange (DEX) Control Centralized entity (company) Smart contracts, community KYC/AML Typically required Generally not required Security Risks Hacks of central server; custodian risk Smart contract vulnerabilities; user error Regulatory Vulnerability High; easily targeted by regulators Lower; harder to shut down directly, but access can be blocked Accessibility (Post-Ban) Likely remains accessible if licensed Access restricted via ISP blocks (e.g., PancakeSwap ban ) What Does This Mean for the Future of Decentralized Exchange Platforms Globally? The PancakeSwap ban is a stark reminder that even the most decentralized platforms are not entirely immune to the long arm of national regulations. Analysts are already speculating about the domino effect this could have. Other major DEXs, such as Uniswap, Raydium, and Curve Finance, could potentially be next on the list for similar actions in Türkiye or elsewhere. This raises fundamental questions about the balance between innovation and regulation in the crypto space. This event underscores a growing trend: governments worldwide are grappling with how to regulate crypto. While some are embracing it, others, like Türkiye, are opting for stricter control. This is not necessarily a sign of hostility towards crypto itself, but rather an attempt to bring it under existing financial oversight frameworks, particularly concerning consumer protection, anti-money laundering (AML), and tax compliance. The challenge for regulators lies in adapting traditional frameworks to a technology that fundamentally seeks to bypass intermediaries. For DeFi developers, the challenge is to build truly resilient and accessible platforms that can navigate an increasingly complex global regulatory landscape. Actionable Insights for Crypto Enthusiasts and Businesses In light of this evolving situation, here are some key takeaways: Stay Informed: Keep a close eye on regulatory developments in your region and others. Türkiye crypto regulation is a prime example of how quickly things can change. Diversify Access: Don’t rely solely on one type of platform. Understand the differences between CEXs and DEXs and use them appropriately based on your needs and risk tolerance. Prioritize Security: If using decentralized platforms, ensure you understand how to manage your own keys and secure your wallets. Be wary of using unofficial methods to bypass blocks, as they can expose you to scams or malware. Advocate for Sensible Regulation: Participate in discussions about crypto regulation. Balanced regulations can foster innovation while protecting users. The incident with PancakeSwap ban serves as a crucial wake-up call for the entire decentralized finance ecosystem. It highlights the ongoing tension between the inherently borderless and permissionless nature of blockchain technology and the desire of nation-states to maintain control over financial activities within their jurisdictions. Concluding Thoughts: Navigating the Future of Crypto Regulation Türkiye’s decision to block PancakeSwap is a landmark event, marking a new chapter in the global conversation about crypto regulation. It signals a more assertive approach from national authorities towards decentralized platforms, challenging the long-held belief that DEXs are immune to regulatory oversight. While this DEX crackdown might pose immediate hurdles for Turkish crypto users and the broader DeFi community, it also accelerates the need for clear, balanced, and globally coordinated regulatory frameworks. The future of the decentralized exchange landscape will undoubtedly be shaped by how these regulatory challenges are addressed. It’s a complex dance between innovation, user freedom, and national sovereignty. As the crypto market matures, expect more such actions, pushing the industry to adapt and evolve in unprecedented ways. To learn more about the latest crypto market trends and the evolving landscape of Türkiye crypto regulation , explore our article on key developments shaping the future of decentralized finance and digital asset services. This post Türkiye Crypto Regulation: Unprecedented DEX Crackdown Targets PancakeSwap, Shaking Markets first appeared on BitcoinWorld and is written by Editorial Team
The XRP price has declined by 2.5% in the past 24 hours, with its drop to $2.23 coming as the cryptocurrency market loses 4.5% today. Despite this fall, XRP remains up by 6% in a week, after the Switzerland-based AMINA Bank became the first international lender to offer custody and trading services for Ripple’s RLUSD stablecoin. XRP is also up by an impressive 400% in the past year, making it one of the best-performing top-100 coins within this timeframe. And with XRP ETFs likely to gain approval later this year, the long-term XRP price prediction continues to look very encouraging. XRP Price Prediction – Swiss Bank Embraces Ripple’s RLUSD – Billions Flowing into XRP? This week has been a very good one for XRP and Ripple, with the latter also announcing that it has applied for a US bank charter . In the past day, Zug-based AMINA has revealed that it has become the first bank in the world to support RLUSD, with the Swiss lender planning to expand its related services in the coming months. RLUSD is now available at AMINA Bank In collaboration with @Ripple , AMINA enables a regulated, secure, and seamless way to custody and trade RLUSD – ideal for both institutions and individuals who demand clarity, compliance, and control. Your digital dollars are protected… pic.twitter.com/gbdgDaxugK — AMINA Bank (@AMINABankGlobal) July 3, 2025 On its own, this rollout is already impressive, but it follows over RLUSD expansion news in recent weeks, with the stablecoin also gaining regulatory approval from Dubai’s financial regulator . This comes on top of prior approval from New York’s NYDFS, something which suggests that RLUSD has every chance of growing quickly and becoming one of the top stablecoins in crypto. However, such news hasn’t had enough of an effect on the XRP price, which has fallen along with the wider crypto market, which in turn has responded negatively to President Donald Trump’s indication that he will begin notifying countries of higher tariff rates ahead of a deadline on Wednesday. In such a context, XRP still looks relatively weak, but there have been signs that it may be close to rebounding. Looking at its chart, we see that its relative strength index (yellow) and its MACD (orange, blue) have begun rising from oversold positions, a sign that buying momentum may be coming. Source: TradingView The past couple of days have also witnessed some massive XRP transfers, with $500 million in the coin moving earlier this morning , perhaps as a prelude to some large over-the-counter trade. Given this apparent increase in demand, we can expect the XRP price to return to $2.50 by the end of August, while more positive market conditions and continued Ripple growth could see it top $3.50 by the end of the year. TOKEN6900 Raises $150,000 in New Presale: Is This the Next Viral Meme Coin? For traders looking away from major tokens such as XRP, the market isn’t short of promising new alternatives. Not only have new alts such as SPX6900, SEI and Pudgy Penguins stormed the market with their volatility in recent weeks, but there are several interesting presale coins doing the rounds right now. One of these is TOKEN6900 (T6900), a new ERC-20 coin that has adopted the memes and stylings of the dot-com bubble, as part of its viral market campaign. met a yeti. he holdin $T6900 like a boss pic.twitter.com/tXsph8hs6o — Token6900 (@Token_6900) July 3, 2025 It launched its presale at the start of this week, and has already raised more than $150,000, which is a promising sign of its future growth. TOKEN6900 is billing itself as a pure, unbridled meme coin, one which rests solely on community evangelism and contagious marketing. It doesn’t promise any utility or fundamentals, and instead appeals to “The Collective Hallucination Of Terminally Online Traders,” as its website declares. It’s therefore aiming to tap into the same perma-bullishness that SPX6900 and other meme coins have tapped into recently, with the coin’s launch potentially coinciding with a more bullish end to the year. While TOKEN6900 has not utility, holders will be able to stake it for a passive income. Investors can buy it now by going to the TOKEN6900 website , where T6900 costs $0.00645. This will rise periodically as the sale progresses, so traders should act quickly if they want to lock in the biggest possible gains. The post XRP Price Prediction: Swiss Bank Embraces Ripple’s RLUSD – Billions Flowing into XRP? appeared first on Cryptonews .
Solana Dominates Tokenized Stock Market with xStocks Launch Solana has rapidly become the market leader in tokenized stock trading, marking a major shift towards stock-based real-world assets (RWAs). Backed Finance’s recent launch of the xStocks platform brought about this shift, propelling Solana to take over over 95% of trading volume in the new space. xStocks Drives Surge in Stock-Based RWAs Launched on June 30, xStocks trades 60 tokenized stocks—55 individual and 5 ETFs. On its launch day, the platform clocked over $1.3 million in volume, with Strategy stocks leading the way early on. This was later surpassed by popular tokens like Tesla ($TSLAx) and S&P 500 ($SPYx) in terms of trading volume. On July 2 alone, the $SPYx token accounted for over $4.67 million in daily trading—over 50% of all tokenized stock volume traded on the day. By July 3, daily volumes were down by over half, marking a deflation of initial hype. xStocks AUM Hits $48.6M During Volume Downturn A decline in trading activity despite it, xStocks’ assets under management (AUM) were at $48.6 million on July 3. Its largest holdings were: $SPYx: $6.9M $METAx: $4.3M $TSLAx: $3.4M These figures reflect persistent user confidence in holding tokenized stocks even in the face of volume volatility. Over 20K Wallets Reflect Increased User Appetite User uptake of the xStocks platform has been robust, with over 20,000 unique individual wallets presently carrying tokenized shares. $SPYx leads in popularity, with over 10,000 wallets, followed by $TSLAx (8,100 wallets) and $NVDAx (5,500 wallets). Liquidity Problems Remain While early adoption is encouraging, Solana-focused analytics firm SolanaFloor reported low liquidity. Tokenized stock trading on Solana will succeed long-term ultimately through either improving conditions for liquidity or greater investor confidence. Conclusion Solana’s DeFi pivot toward stock-based RWAs with xStocks has attained early supremacy. Whether that momentum continues depends on ongoing user interest and expanding liquidity.
The cypherpunk cited By Satoshi says that Bitcoin's market cap should be around $200 trillion
BitcoinWorld Rostec’s Bold Move: Unveiling RUBx Stablecoin and RT-Pay Platform in 2025 Are you ready for a seismic shift in the world of digital finance? A groundbreaking announcement from Russia’s state-owned defense giant, Rostec , is set to redefine the landscape of national digital payments. In a move that signals a profound commitment to embracing blockchain technology, Rostec has revealed plans to launch its own ruble-pegged stablecoin, RUBx stablecoin , alongside a comprehensive payment platform called RT-Pay. Slated for a 2025 rollout, this initiative is not just about creating a new digital asset; it’s about integrating cutting-edge technology into the very fabric of Russia’s economic infrastructure. For cryptocurrency enthusiasts and those monitoring global digital currency trends, this development presents a fascinating case study in how nations are navigating the complex intersection of traditional finance and decentralized innovation. What is the RUBx Stablecoin and Why Tron Blockchain? At the heart of Rostec’s ambitious project lies the RUBx stablecoin , a digital currency designed to maintain a stable value by being pegged 1:1 to the Russian ruble. This stability is crucial for any digital asset aiming for widespread adoption in everyday transactions, shielding users from the notorious volatility often associated with cryptocurrencies like Bitcoin or Ethereum. The choice of the Tron blockchain as the underlying technology for RUBx is particularly noteworthy. Tron, known for its high transaction throughput and low fees, offers a robust and scalable infrastructure that can handle the anticipated volume of digital payments. This selection underscores a strategic decision to leverage an established, efficient public blockchain rather than developing a proprietary one from scratch, potentially accelerating development and deployment. Stablecoins like RUBx serve as a bridge between the traditional financial system and the burgeoning world of decentralized finance (DeFi). They offer the speed and transparency of blockchain transactions while mitigating price risk. For Russia, a ruble-pegged stablecoin could offer several advantages: Efficient Cross-Border Transactions: Potentially streamlining international trade, especially with partners amenable to digital assets. Reduced Transaction Costs: Lowering fees associated with traditional banking transfers. Enhanced Financial Inclusion: Providing easier access to digital payments for a wider segment of the population. Programmable Money: Enabling smart contracts for automated payments and complex financial agreements. The decision to utilize an existing, popular blockchain like Tron also implies a degree of interoperability and accessibility that a closed, private blockchain might not offer, potentially fostering broader adoption among external wallets and platforms. Unveiling the RT-Pay Platform: A Game Changer for Russian Digital Payments Complementing the RUBx stablecoin is the RT-Pay platform , envisioned as a comprehensive digital payment ecosystem. According to state news agency TASS, RT-Pay is designed to integrate seamlessly with Russia’s existing banking system, allowing for a smooth transition for users accustomed to traditional financial services. This integration is paramount for widespread adoption, ensuring that digital payments powered by RUBx can flow freely between conventional bank accounts and the new blockchain-based system. The platform’s features are designed to cater to a diverse range of economic sectors, with a particular emphasis on security and innovation: Feature Description Potential Impact Banking System Integration Enables direct transfer of funds between traditional bank accounts and RT-Pay digital wallets. Facilitates mass adoption, reduces friction for users. External Wallet Support Compatibility with various non-custodial and custodial digital wallets. Increases accessibility and user choice, fostering a broader ecosystem. Smart Contracts Automated, self-executing agreements with the terms directly written into code. Enables new business models, enhances transparency and efficiency in transactions. Compliance & AML Adherence to local laws and anti-money laundering (AML) regulations. Ensures legality and security, builds trust with regulators and users. The emphasis on compliance with local laws and anti-money laundering (AML) rules is a critical aspect, distinguishing RT-Pay from more unregulated crypto ventures. This commitment to regulatory adherence is likely to build trust among businesses and individuals, paving the way for wider acceptance within the established financial framework of Russia. The platform’s focus on supporting various economic sectors, from retail to industrial, suggests a broad vision for its utility, positioning it as a foundational layer for future digital economic activity. Russia’s Digital Currency Ambitions: A Strategic Imperative? The development of the RUBx stablecoin and RT-Pay platform by Rostec is not an isolated event but rather fits into a broader narrative of Russia’s digital currency ambitions. In recent years, global powers have been exploring central bank digital currencies (CBDCs) and other forms of digital money to modernize financial systems, enhance payment efficiency, and maintain monetary sovereignty. For Russia, the geopolitical context, particularly the imposition of international sanctions, has likely accelerated the push towards alternative payment mechanisms that are less reliant on traditional Western-dominated financial infrastructure. While RUBx is a stablecoin issued by a state-owned company rather than a direct CBDC issued by the central bank, it shares many strategic objectives with a CBDC: providing a secure, efficient, and sovereign digital payment rail. This initiative could serve as a testing ground for broader digital ruble adoption or even complement a future official CBDC. The goal is clear: to enhance financial independence and create resilient payment systems that can operate effectively regardless of external pressures. This move by Rostec, a key player in Russia’s defense and industrial sectors, signals a high-level strategic endorsement of blockchain technology for national economic interests. It represents a proactive step to adapt to a rapidly evolving global financial landscape where digital assets are becoming increasingly central. The Promise and Peril: Benefits and Challenges of Rostec’s Initiative Every innovative leap comes with its own set of promises and perils. Rostec’s venture into the RUBx stablecoin and RT-Pay platform holds immense potential benefits for Russia’s economy, but it also faces significant challenges that will determine its ultimate success. Understanding both sides of the coin is crucial for a balanced perspective. Potential Benefits: Economic Efficiency: Streamlined transactions, reduced settlement times, and lower operational costs across various sectors. Enhanced Security: Blockchain technology offers inherent security features, reducing fraud and increasing transparency for digital payments. Innovation Catalyst: The platform’s support for smart contracts could foster new business models and innovative financial products within Russia. Financial Sovereignty: Less reliance on traditional international payment systems, offering greater control over domestic and cross-border transactions. Improved Accessibility: Providing digital payment solutions to unbanked or underbanked populations, fostering greater financial inclusion. Challenges and Considerations: Regulatory Hurdles: Navigating the complex and evolving regulatory landscape for digital assets, ensuring full compliance while fostering innovation. Public Adoption: Overcoming inertia and building trust among the general populace and businesses to encourage widespread use of a new digital payment system. Cybersecurity Risks: Despite blockchain’s inherent security, any large-scale digital platform remains a target for sophisticated cyberattacks, requiring continuous vigilance. Technological Scalability: Ensuring the Tron blockchain and RT-Pay platform can handle the immense transaction volume required for a national payment system. Interoperability: Ensuring seamless interaction with existing financial systems and potentially with other national or international digital currencies. The success of this initiative will heavily depend on Rostec’s ability to address these challenges effectively, building a robust, secure, and user-friendly system that instills confidence and delivers tangible benefits to the Russian economy. Looking Ahead to 2025: The Impact of RUBx and RT-Pay The year 2025 marks a pivotal moment for Russia’s digital currency aspirations with the anticipated launch of RUBx and RT-Pay. This timeline suggests a carefully planned rollout, allowing for rigorous testing, regulatory alignment, and public education. The impact of such a system could be far-reaching, transforming various facets of the Russian economy. For instance, in the realm of B2B payments, smart contracts on RT-Pay could automate supply chain financing, significantly reducing administrative overhead and payment delays. For consumers, the integration with external wallets means more flexible and potentially cheaper ways to send and receive money, pay for goods and services, and manage personal finances digitally. Furthermore, the initiative could position Russia as a leader in leveraging blockchain technology for state-backed financial instruments, potentially influencing other nations considering similar moves. The collaboration between a defense industry giant like Rostec and the financial sector highlights a convergence of strategic national interests with technological innovation. While the primary focus appears to be domestic economic enhancement and resilience, the long-term implications for international trade, particularly with countries in the BRICS bloc and beyond, cannot be overlooked. A successful RUBx and RT-Pay could lay the groundwork for a more diversified and independent global financial architecture, driven by digital assets. Conclusion: Paving the Way for a Digital Tomorrow Rostec’s announcement of the RUBx stablecoin and RT-Pay platform represents a significant stride in Russia’s journey towards a more digitized and resilient financial future. By leveraging the efficient Tron blockchain and integrating with existing banking infrastructure, this initiative aims to create a secure, compliant, and innovative payment ecosystem. While challenges such as regulatory complexities and public adoption remain, the strategic imperative for enhanced financial sovereignty and efficiency is clear. As 2025 approaches, the world will be watching closely to see how this ambitious project unfolds and reshapes the landscape of Russia’s digital currency and beyond. This bold move by Rostec could indeed be a blueprint for how state-backed entities embrace blockchain, signaling a new era for national digital economies. To learn more about the latest crypto market trends, explore our article on key developments shaping digital currency institutional adoption. This post Rostec’s Bold Move: Unveiling RUBx Stablecoin and RT-Pay Platform in 2025 first appeared on BitcoinWorld and is written by Editorial Team
21Shares projects a significant Bitcoin price surge, driven by favorable macroeconomic trends and optimistic market indicators. The firm highlights the potential for Bitcoin to reach a $200,000 valuation by the
Russian state-owned manufacturer Rostec is launching a ruble-backed stablecoin called RUBx on the Tron blockchain, marking a significant development in Russia’s crypto landscape. The initiative includes a new payments platform,
Russian state-owned manufacturing firm Rostec has said it will roll out a ruble-pegged token called RUBx on Tron. And a payments platform to boot.