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Russia is preparing to roll out RUBx, a state-backed, ruble-pegged stablecoin built on the Tron network. The token hasn’t officially launched yet, but the announcement has had an immediate ripple effect. The total $USDT supply on the Tron blockchain recently broke past $80B. The impact hasn’t been limited to TRON, though. The Best Wallet Token ($BEST) presale, for instance, saw a rapid buying frenzy, pushing it close to the $14M mark. What is RUBx hoping to achieve, and where does $BEST fit into all this? Let’s discuss it below. RUBx Isn’t Just a Stablecoin, It’s a Sanctions Workaround The Tron blockchain, long associated with DeFi activity and rapid USDT transfers, is now at the centre of a brewing geopolitical storm. It’s now viewed as a strategic instrument in Russia’s financial playbook. At the heart of this shift is RUBx, a ruble-pegged stablecoin being developed by Rostec, Russia’s state-owned defence and tech conglomerate. It’s designed to work alongside RT‑Pay, a smart contract–driven payment system that plugs directly into Russia’s banking infrastructure. Together, they will deliver real-time settlement and treasury-backed reserves with full auditability. On paper, that sounds like financial innovation. But in practice, it’s raising alarms. Many analysts see RUBX as a direct attempt to bypass Western sanctions. That’s because it can develop into a blockchain-based alternative to systems like SWIFT and other dollar-linked rails. Tron, The Blockchain of Strategic Finance The EU is likely to consider restrictions targeting wallets and platforms that engage with RUBx. The U.S. policy remains murky at best. While there is a long and cloudy history between Russia and the US, the crypto-regulatory narrative is turning green for a change. Countries like China, Iran, North Korea, and India are reportedly warming to the idea of using RUBx and Tron as low-friction financial bridges. This will come…

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Filed under: News - @ July 9, 2025 7:28 am