Russian ruble stablecoin A7A5 has completed about $9.3 billion in transactions since its launch
06-25 13:03
Odaily News Since its launch in Kyrgyzstan in February, the Russian ruble-backed stablecoin A7A5 has completed approximately $9.3 billion in transactions through the Grinex platform, with a market value of $151 million. A7A5 claims to be 1:1 backed by the sanctioned Moscow Promsvyazbank. Although Grinex denies any direct connection with the sanctioned Garantex exchange, analysis shows that the two may have a business relationship. (Cointelegraph)
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