The sanctioned Russian ruble stablecoin A7A5 and blockchain analytics firms disagree on its actual usage scale. A7A5 claims that from January 1 to June 17 this year, it processed a total transaction volume of $34.4 billion, with an average daily trading volume of approximately $205 million. In response, TRM Labs estimates its daily trading volume at only about $75 million, with roughly 34% of volume suspected to be circular transfers; Elliptic states that its monthly trading volume has fallen by over 90% compared to January, and 96% below last year's peak, arguing that the token has failed to help Russia evade sanctions. A7A5 denies these claims and accuses data providers of over-reliance on centralized exchange data. A7A5 was launched in early 2025 in Kyrgyzstan, backed by deposits from the Western-sanctioned Russian bank Promsvyazbank, and is now sanctioned by the U.S., EU, and UK. (CoinDesk)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned