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A7A5, a new Russian ruble-backed stablecoin, has reportedly facilitated $9.3 billion in transactions on Grinex, a crypto exchange linked to the sanctioned Garantex platform. Despite denials, Grinex allegedly credited balances for Garantex users, raising regulatory concerns.
- A7A5, a Russian ruble-backed stablecoin, has processed $9.3 billion in transactions on Grinex.
- Grinex is suspected of being a successor to the sanctioned Garantex exchange, despite its denials.
- Tether froze $27 million in USDT linked to Garantex, underscoring regulatory crackdowns on sanction evasion.
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Related Tags: Stablecoin
Other Tags: Russian Ruble, Tether (USDT)