This sanctioned Russian stablecoin claims it processes billions, but blockchain analysts disagree
There is a growing dispute brewing between a sanctioned ruble-backed stablecoin issuer and blockchain analytics firms over the actual usage of the Russian-backed stablecoin. A7A5, the Russian cross-border stablecoin designed to facilitate payments outside Western financial channels, claims it averages about $205 million in daily trading volume and has processed $34.4 billion between Jan. 1 and June 17 this year.