Russian ruble stablecoin A7A5 has completed about $9.3 billion in transactions since its launch

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ODAILY
06-25
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Planet Daily News: Since its launch in Kyrgyzstan in February this year, the 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 backed 1:1 by the sanctioned Moscow Promsvyazbank. Although Grinex denies direct association with the sanctioned Garantex exchange, analysis suggests they may have a business succession relationship. (Cointelegraph)

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