Founder of the InDeFi SmartBank project Sergey Mendeleev рассказал in his Telegram channel that the P2P marketplace Bitpapa has opened crypto ruble (RUBT) trading for clients.
According to him, the platform did not enter into any special agreements with the developers of the crypto ruble. He emphasized that almost any platform can include the crypto ruble in its payment infrastructure without obtaining permissions and get instant access to many fiat cash desks in Russia and gateways to USDT. The entrepreneur drew attention to the fact that the crypto ruble is a universal fiat replenishment code.
According to available data, the crypto ruble is developed on the basis of blockchain Ethereum and is a separate instrument for making payments. All cryptoruble holders have gained access to digital assets presented on Bitpapa.
The issue of the asset is carried out through a decentralized smart contract with excess collateral, similar to the DAI stablecoin. The rate is tied to the national currency at a ratio of 1:1. The total emission of the asset depends on the amount of collateral secured by three dollar stablecoins - USDT, USDC and DAI.
It should be noted that the development of the crypto ruble project started in the fall of 2022, and in January 2024, the asset developers signed the first listing agreement on the ABCex.io cryptocurrency exchange.
