Express
Russian Ruble Stablecoin A7A5 Completes Approximately $9.3 Billion in Transactions Since Launch
Summary: According to reports, the Russian Ruble-backed stablecoin A7A5 has completed approximately $9.3 billion in transactions through the Grinex platform since its launch in Kyrgyzstan in February this year, with a market capitalization of $1.51 billion. A7A5 claims to be backed 1:1 by the sanctioned Moscow Promsvyazbank. While Grinex denies direct association with the sanctioned Garantex ...
According to reports, the Russian Ruble-backed stablecoin A7A5 has completed approximately $9.3 billion in transactions through the Grinex platform since its launch in Kyrgyzstan in February this year, with a market capitalization of $1.51 billion. A7A5 claims to be backed 1:1 by the sanctioned Moscow Promsvyazbank. While Grinex denies direct association with the sanctioned Garantex exchange, analysis suggests a possible business relationship between the two.
Tags:
Link: Russian Ruble Stablecoin A7A5 Completes Approximately $9.3 Billion in Transactions Since Launch [Copy]
