Russian Ruble Stablecoin 'A7A5' Potentially Facilitating Sanctions Evasion

Elliptic, a provider of compliance solutions for digital assets, published a report on the Russian ruble stablecoin 'A7A5' on the 22nd.

Since its launch less than a year ago, A7A5 has reached a total transaction volume of approximately $100 billion (about 16 trillion yen), highlighting its rapid adoption. The report analyzes that A7A5 is potentially facilitating the evasion of sanctions imposed by Western countries on Russia.

The A7A5 stablecoin was launched in January 2025. It was developed by a Russia-based company named A7, and issued by Old Vector, a company based in the Kyrgyz Republic. A7A5 is designed to...