Deep Tide TechFlow News, January 09, According to CoinDesk, the ruble stablecoin A7A5 grew more than USDT and USDC last year, with a supply increase of nearly $90 billion. The stablecoin was launched by A7 LLC and is associated with Russia's state-owned Promsvyazbank and Moldovan businessman Ilan Shor, mainly helping Russian users bypass banking restrictions for cross-border payments. Despite Western sanctions, the ruble has appreciated over 40% against the US dollar this year, mainly benefiting from capital controls and central bank interventions.
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Deep Tide TechFlow News, January 09, According to CoinDesk, the ruble stablecoin A7A5 grew more than USDT and USDC last year, with a supply increase of nearly $90 billion. The stablecoin was launched by A7 LLC and is associated with Russia's state-owned Promsvyazbank and Moldovan businessman Ilan Shor, mainly helping Russian users bypass banking restrictions for cross-border payments. Despite Western sanctions, the ruble has appreciated over 40% against the US dollar this year, mainly benefiting from capital controls and central bank interventions.