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Ruble-backed A7A5 becomes largest non-USD stablecoin – TON BOT

Ruble-backed A7A5 becomes largest non-USD stablecoin

The Russian ruble-backed stablecoin A7A5 from Kyrgyzstan has become the largest non-USD pegged stablecoin globally with a market cap nearing $500 million, surpassing EURC. Despite its success, the token faces scrutiny from Western authorities due to links to sanctioned Russian and Kyrgyz banks, prompting the EU to consider new sanctions.


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