News Explorer — A7A5 Ruble Stablecoin Used for Russian Cross-Border Trade Tops $100 Billion in Volume

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Jan 22, 4:13 pm

Coindesk

A7A5 Ruble Stablecoin Used for Russian Cross-Border Trade Tops $100 Billion in Volume

Elliptic's report reveals that A7A5, a ruble-pegged stablecoin issued on Ethereum and Tron, has seen over $100 billion in transactions among 41,300 wallet addresses. The stablecoin's circulation has increased to 42.5 billion, with a value of $547 million, but activity has slowed down due to sanctions.

Elliptic's report reveals that A7A5, a ruble-pegged stablecoin issued on Ethereum and Tron, has seen over $100 billion in transactions among 41,300 wallet addresses. The stablecoin's circulation has increased to 42.5 billion, with a value of $547 million, but activity has slowed down due to sanctions.

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