Russian ruble stablecoin A7A5 grows despite Western sanctions: CertiK

▤ Summary

CertiK says the Russian ruble-backed stablecoin A7A5 has continued to grow despite Western sanctions. The token reportedly processed more than $110 billion in cumulative onchain transactions and expanded its wallet count sharply between February 2025 and May 2026. The article explains how the project was structured to reduce Western control over freezes, reserves, and distribution. It also connects A7A5 to Russian cross-border settlement activity and to the sanctioned Garantex ecosystem.

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