Russia-linked A7A5 stablecoin processed $100B before sanctions hit: Elliptic
Elliptic said the ruble-backed A7A5 token functioned as a bridge into USDT markets before sanctions and exchange controls curbed its growth.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Elliptic said the ruble-backed A7A5 token functioned as a bridge into USDT markets before sanctions and exchange controls curbed its growth.
Why this matters
Elliptic is showing up inside the Stablecoins theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.
Original source
Read on CointelegraphRelated market context
Tether freezes 134 ISIS terror wallets as stablecoins now sit inside the sanctions machine
ISIS-K, the Islamic State affiliate active across Afghanistan, Pakistan, and parts of Central Asia, had USDT balances frozen on 13...
Coinbase helped build USDC – Why is it now backing the stablecoin trying to replace it, Open USD?
The stablecoin market has long rewarded the companies that issue digital dollars. They take in customer cash, hold reserves in sho...
Tether freezes USDT in 131 TRON wallets linked to ISIS-K
Tether's swift action highlights the growing role of stablecoin issuers in global financial compliance and anti-terrorism efforts....
Tether CEO criticizes MiCA licensing rules as dangerous, refuses to apply for USDT authorization
Tether's refusal to comply with MiCA rules may shift European market dynamics, favoring compliant competitors and impacting global...
Crédit Agricole Launches EURXT Stablecoin, Bringing Europe’s Banking Giant Onchain
Key Takeaways: Crédit Agricole has announced the launch of EURXT, a MiCa compliant euro stablecoin on the Ethereum network. EURXT...
How tokenized stocks fail as collateral even when the stock price does not move
DeFi lending protocol Edel disclosed a $403,000 exploit that hit the layer where tokenized stocks are trying to become DeFi collat...