Russia's stablecoin project plans to break free from the USDT system and promote cross-border crypto settlements using the ruble

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Odaily Planet Daily reports that the stablecoin project A7A5, based on the Russian ruble, states that even if the Russia-Ukraine situation eases in the future and some sanctions are lifted, this stablecoin will still have long-term viability. Its core value lies in cross-border settlement efficiency, profitability, and regional encrypted payment infrastructure development. The previous market capitalization of this stablecoin was approximately $500 million, initially aimed at helping Russia bypass banking restrictions, but it hopes to further develop into a “direct settlement channel between stablecoins” in the future, enabling direct exchange with other stablecoins without relying on USDT, USDC, or the dollar system. (CoinDesk)

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