Tron Surpasses 13 Million Transactions Driven by Ruble-Backed Stablecoin Launch

Tron, a prominent blockchain platform, has achieved a significant milestone by surpassing 13 million transactions. This surge in activity is partly driven by the launch of Russia’s new Ruble-backed stablecoin, RUBx, which operates on the Tron network. The RUBx token, developed by Rostec, a state-owned defense and technology conglomerate, is designed to provide a stable and secure digital asset backed by the national fiat currency.

Rostec's initiative to introduce the RUBx token is part of a broader strategy to enhance financial transactions within Russia. The token is legally backed by real obligations in rubles, ensuring its stability and reliability. This move is expected to facilitate safer and more efficient money transfers, leveraging the benefits of blockchain technology. The RUBx token will function alongside the RT-Pay payment platform, which is also set to be launched this year. This dual launch aims to create a comprehensive ecosystem for digital transactions, combining the security of blockchain with the stability of a fiat-backed token.

The introduction of the RUBx token on the Tron network is a strategic move that aligns with the growing trend of institutional adoption of blockchain technology. By pegging the token to the Russian ruble, Rostec aims to provide a stable digital asset that can be used for various financial transactions. This initiative is part of a broader effort to integrate blockchain technology into the financial infrastructure, making it more accessible and secure for users. The RUBx token's launch on the Tron network is expected to enhance the platform's utility and attract more users, further solidifying its position in the blockchain ecosystem.

Tron's network has been processing over 8 million daily transactions, highlighting its position as one of the world’s busiest blockchains. Much of this activity is tied to stablecoin transfers, with Tether (USDT) remaining the most dominant digital dollar circulating on Tron’s network. According to CryptoQuant, Tron averages over $21 billion in USDT transactions every week, driven by strong adoption in Asia and South America. Many users see Tron as an alternative to volatile fiat currencies, thanks to its fast, low-cost transfers.

This milestone comes as Tron’s overall stablecoin liquidity continues its upward trend. The network recently hit an all-time high above $81 billion in total stablecoin liquidity, and the addition of RUBx could push this figure even higher in the months ahead. The launch of RUBx could open new doors for Russian users to bypass traditional banking rails such as SWIFT, while also helping local businesses navigate international sanctions. Early signs suggest robust interest in Russian stablecoins. A similar project, the A7A5 stablecoin, processed over $9.3 billion in transactions within its first four months, demonstrating strong domestic demand for blockchain-based ruble alternatives.

Tron’s native token, TRX, has mirrored the network’s positive sentiment. TRX closed out June in the green and carried that bullish momentum into the first week of July. The token currently trades at $0.28, hovering near its recent resistance levels. Data from IntoTheBlock reveals that 4% of TRX’s circulating supply was purchased in the past four weeks, reflecting fresh demand. Meanwhile, 65% of TRX holders have kept their coins for over 12 months, signaling a strong long-term holder base. Despite short-term pullbacks, Tron’s Money Flow Index (MFI) shows renewed inflows since late June. The sustained buying pressure and limited sell-offs suggest that TRX could maintain its push toward the critical $0.30 mark if current momentum holds.