Russia’s Ruble-Backed A7A5 Stablecoin Moves $6B Despite U.S. Crackdown

Story Highlights* Russia’s ruble-backed A7A5 stablecoin has processed over $6 billion in transactions despite U.S. sanctions.

• The token, used for cross-border payments, is backed by Russian banks and government-linked firms.
• A7A5’s growth highlights Moscow’s push to bypass Western financial restrictions through blockchain.