SANCTIONS-DEFYING RUBLE-BACKED STABLECOIN EXPLODES TO $500M β IS THIS RUSSIAβS ANSWER TO THE DOLLAR?
https://media.zenfs.com/en/cryptonews_us_711/8044794bedbcbf5fde9bcfe03c08804d
βοΈ A new Russian-linked stablecoin, A7A5, has surged to a $500 million market capitalization, becoming the world's largest non-U.S. dollar stablecoin despite multiple international sanctions.
π A7A5 has surged to a $500 million market capitalization, becoming the world's largest non-U.S. dollar stablecoin π The stablecoin is backed by fiat deposits in Kyrgyz banks and offers a daily passive income π A7A5 has attracted over 24,000 holders and has seen over $100 million in USDT liquidity added to its decentralized exchange π The project has raised alarms among Western regulators who believe it may be helping Russia skirt financial restrictions imposed after its 2022 invasion of Ukraine
-- #IlanShor #OlegOgienko #Kyrgyzstan #Russia #Ukraine #Moldova #Singapore #Nigeria #Zimbabwe #technology
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