Russia and Stablecoin Use: Ruble-Pegged A7A5 Moved $9B on One Crypto Trade

When the success of Circle’s public itemizing made headlines on Wall Avenue, a lesser-known ruble-pegged stablecoin—launched by a fugitive Moldovan oligarch and a Russian defence-sector financial institution—was getting used for real-world cross-border funds to bypass sanctions on Russia. A7A5, stated…