Sanctions-Defying Ruble-Backed Stablecoin Explodes to $500M – Is This Russia’s Answer to the Dollar?

Stablecoin A7A5, pegged to the Ruble, has reached a $500M market cap and about 43% of the non-dollar segment. EU penalties are prepared as Elliptic and TRM Labs have reported $1B-plus daily flows and links to sanctioned entities and cross-border trade.