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Elliptic: ruble-backed stablecoin A7A5 surpassed $100B in transactions in under a year, but demand cooled and daily volume fell from a peak of $1.5B+


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2026-01-24 14:50:11
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Melos Ambaye / Bloomberg:

Elliptic: ruble-backed stablecoin A7A5 surpassed $100B in transactions in under a year, but demand cooled and daily volume fell from a peak of $1.5B+ to ~$500M  —  The ruble-backed stablecoin created to circumvent sanctions on Russia has surpassed $100 billion in transactions in less …




Melos Ambaye / Bloomberg:

Elliptic: ruble-backed stablecoin A7A5 surpassed $100B in transactions in under a year, but demand cooled and daily volume fell from a peak of $1.5B+ to ~$500M  —  The ruble-backed stablecoin created to circumvent sanctions on Russia has surpassed $100 billion in transactions in less …



Source: TechMeme
Source Link: http://www.techmeme.com/260124/p9#a260124p9


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