Tag: A7A5

  • Russian stablecoin A7A5 faces EU sanctions over sanctions-evasion concerns

    Russian stablecoin A7A5 faces EU sanctions over sanctions-evasion concerns

    The European Union is moving closer to sanctioning Russian stablecoin A7A5, a ruble-pegged cryptocurrency that has seen rapid growth. Officials and analysts warn the token may be used to bypass financial sanctions imposed after Russia’s invasion of Ukraine. According to a new report from the Centre for Information Resilience (CIR), A7A5 operates through a network…

  • A7A5 stablecoin surge hits 240% as Russians bypass sanctions

    A7A5 stablecoin surge hits 240% as Russians bypass sanctions

    The A7A5 stablecoin surge is accelerating rapidly, with the ruble-backed crypto asset growing by over 240% in just two weeks. Russian users are increasingly turning to the stablecoin as a workaround to international sanctions and frozen crypto accounts. Blockchain analytics firm Elliptic reports that A7A5’s supply now exceeds 41 billion tokens—worth over $501 million. Daily…