Despite tightening financial rules and Western sanctions on its traditional banking sector, Kyrgyzstan is seeing a surge in ...

STORY: From another step on the road to formal crypto regulation to the rouble-backed stablecoin that could be helping Russia ...

A Ruble-backed stablecoin tied to a Russian defense bank and a sanctioned payments firm has seen its usage spike sharply, with over $40 billion moved through ...

Launched in Kyrgyzstan, A7A5 has reportedly processed $41.2B in transaction volume, with a spike during this month, according ...

Total exchange volumes have reached $8.5 billion, with 61% traded between A7A5 and rubles. The rest are trades between A7A5 ...

A rouble-backed stablecoin that could help Russia circumvent Western restrictions on payments has seen a jump in transaction ...

Russia could be turning to a new cryptocurrency called A7A5 to allow money to flow in and out of the country and avoid ...

Russia evades sanctions using Kyrgyz crypto; TRM Labs links shell firms, stablecoins, and weak laws to illicit financial ...

A7A5, a stablecoin pegged to the Russian ruble, has processed over $9.3 billion in transactions on Grinex, a crypto exchange widely viewed as the successor to the sanctioned platform Garantex.

The sanctions “put pressure” on third-country actors to prioritize access to A7 or their relationships with the EU and UK.

A stablecoin, A7A5 enables cross-border payments that most Russian banks cannot offer. Reuters could not independently determine the source of funds in A7A5 or the reasons for the transfers.