Russia has overtaken the United Kingdom to become Europe’s largest cryptocurrency market, with $376bn in transaction volume ...

A rouble-backed cryptocurrency called A7A5 has seen an explosive rise in usage, with total transfers now crossing $40 billion. This sharp growth, noted by blockchain research firm Elliptic, follows a ...

A new Russian-linked stablecoin, A7A5, has surged to a $500 million market capitalization, becoming the world’s largest non-U.S. dollar stablecoin despite multiple international sanctions. The ...

Fugitive Moldovan oligarch Ilan Shor and Promsvyazbank, a sanctioned bank tied to Russia's military sector, are the key figures behind A7. Trades in A7A5, billed as the world's first ruble-backed ...

wA7A5 is a wrapped version of A7A5. Since A7A5 is a rebasing token, and rebasing tokens are incompatible with some DeFi platforms like decentralized exchanges (DEXs) because their supply constantly ...

Sanctions, capital controls and Russia’s improvised financial plumbing helped create A7A5, a ruble stablecoin built on a ...

Russia's push for cross-border payments via stablecoins, like the ruble-pegged A7A5, intensified due to Western sanctions. Despite controversy and UK sanctions, A7A5 claims to be a regulated entity ...

In a surprising turn within the crypto markets, A7A5, a stablecoin backed by the Russian ruble and issued in Kyrgyzstan, has surged to become the largest non-US dollar stablecoin globally. Despite ...

Simply sign up to the Russian business & finance myFT Digest -- delivered directly to your inbox. A new cryptocurrency token designed to allow cross-border payments in spite of western sanctions on ...