Russia built a sanctions-proof stablecoin. The data says it is dying
Covered by 2 sources · 2 articles
2 outlets - including Cryptonomist and Crypto - are covering this story. A ruble-pegged token with no freeze function, backed by a sanctioned Russian bank, majority-owned by a convicted fugitive operating beyond Western reach — A7A5 was designed from the ground up to be a true sanctions-proof stablecoin. Its iss…
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Built to Be Unkillable, This Sanctions-Proof Stablecoin Lost 96% of Volume
A ruble-pegged token with no freeze function, backed by a sanctioned Russian bank, majority-owned by a convicted fugitive operating beyond Western reach — A7A5 was designed from the ground up to be a true sanctions-proof stablecoin. Its iss…
Russia built a sanctions-proof stablecoin. The data says it is dying
A7A5 was engineered to be unstoppable: a ruble token with no freeze function, backed by a sanctioned bank, majority-owned by a convicted fugitive, and launched beyond the reach of Western regulators. Its issuer claims tens of billions in vo…