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The volume of the Ruble stablecoin A7A5 reached 9.3 billion USD, with hidden risks of sanction evasion behind it.
[Coin World] The stablecoin A7A5 backed by the Russian ruble has completed approximately 9.3 billion USD in transactions through a certain platform since its launch in Kyrgyzstan in February of this year, with a market capitalization of 151 million USD. A7A5 claims to be 1:1 backed by the sanctioned Moscow Promsvyazbank. Although the platform denies any direct association with the sanctioned exchange, analysis shows that there may be a business connection between the two.