Russia’s industrial powerhouse Rostec to launch ruble-backed token on Tron

Key Takeaways Rostec is preparing to launch a ruble-backed token, RUBx, on the Tron blockchain. The RT-Pay payment platform will integrate RUBx with current banking infrastructure, complying with Russian regulations. Share this article Rostec, Russia’s military-industrial behemoth, is set to roll out a ruble-backed stablecoin and a digital payment platform by the end of this…

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Bitcoin Treads Water on Independence Day

The leading cryptocurrency has been stuck at the same price all week despite multiple macroeconomic events that many believe should have catalyzed positive price action. Fourth of July Lull: Bitcoin Shows Little Movement Traditional markets were closed for U.S. Independence Day, and although crypto markets never sleep, bitcoin ( BTC) appears to have been in…

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BoE Governor Andrew Bailey Warns Adoption of Stablecoins Threatens Central Bank

As the adoption of stablecoins slowly takes over, stewardship and proper regulation become a priority to maintain economic harmony. Bank of England (BOE) Governor Andrew Bailey seems to think the same. Bailey has cautioned that the adoption of digital currencies, including stablecoins, could upset the economic applecart if proper regulation isn’t implemented. Per remarks given…

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