Russian Ruble Stablecoin Kept Growing Despite Western Sanctions: CertiK

The Russian ruble-backed A7A5 stablecoin continued to grow despite Western sanctions, processing more than $110 billion in cumulative onchain transactions, according to CertiK.

CertiK said A7A5 processed over $110 billion in cumulative onchain transactions, captured about 43% of the global non-US dollar stablecoin market, and that its holder count rose from 13,000 to 29,000 wallets between…