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Stablecoin A7A5, backed by Russian currency, sees a surge in value under accusations of sanctions circumvention

"In January 2025, A7A5 - a Ruble-backed digital currency called a stablecoin - was introduced in Kyrgyzstan. Running on the Tron and Ethereum blockchains, it aims to assist Russia with its operations."

Stablecoin A7A5, backed by the Russian Ruble, reportedly experiences a surge in value, fueling...
Stablecoin A7A5, backed by the Russian Ruble, reportedly experiences a surge in value, fueling allegations of sanctions circumvention.

Stablecoin A7A5, backed by Russian currency, sees a surge in value under accusations of sanctions circumvention

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