PANews January 22 News, a blockchain analysis firm Elliptic’s latest report shows that the Ruble stablecoin A7A5 has surpassed $100 billion in on-chain transaction volume since its launch in January 2025. The stablecoin was led by Russian company A7 LLC and aims to help Russian enterprises circumvent Western sanctions. A7A5’s main function is to serve as a bridge asset between the Ruble and USDT, with total transactions reaching $17.3 billion, most of which occurred on exchanges such as Grinex in Kyrgyzstan. Despite the significant trading volume, its growth has been notably restricted since August 2025 when the US and other countries imposed sanctions on A7A5. The issuance of new tokens has essentially halted since late July, with daily trading volume dropping from a peak of $1.5 billion to about $500 million. Major DEXs like Uniswap have listed it on their token blacklist, and liquidity injection of USDT into its own DEX has been greatly reduced. The sanctions have led to risks of account freezing when users transfer USDT from A7A5 to mainstream exchanges, increasingly isolating it from the broader crypto ecosystem.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Top 100 cryptocurrencies by market cap today: price changes — M up 6.51%, UNI down 12.10%
On April 2, among the top 100 cryptocurrencies, MemeCore had the highest gain at 6.51%, while Uniswap had the largest decline at 12.10%. Overall, market volatility was clearly evident.
GateNews10h ago
Uniswap v2/v3/v4 Full Versions Launch on the Linea zkEVM Network
Gate News update, April 2, Uniswap announced that Uniswap v2, v3, and v4 are now live on the Linea network. Linea is a zkEVM L2 scaling network built by Consensys. Currently, Linea is available on the Uniswap web app and the Uniswap API, and Uniswap Wallet for iOS and
GateNews12h ago
Uniswap Foundation Says Current Treasury Could Fund Operations Through January 2027
The Uniswap Foundation's unaudited financial snapshot for 2025 shows $49.9 million in cash, 15.1 million UNI, and 240 ETH, enough to fund operations until January 2027. It plans $106.2 million for grants and incentives, emphasizing its role in ecosystem support.
CryptoNewsFlash16h ago
Uniswap Founder: Centralized projects should not call themselves DeFi; there must be a clear distinction between CeFi and DeFi
Gate News message, April 2, Uniswap founder Hayden Adams posted on the X platform, saying that centralized projects must be prevented from calling themselves DeFi. He said that if a project has an admin key that can empty all funds, then the project is CeFi rather than DeFi. Hayden Adams emphasized that if this is not distinguished, DeFi will be meaningless and its brand will be destroyed. He also noted that any version of Uniswap does not have an admin key that can empty funds.
GateNews20h ago
New Uniswap Report Reveals $85.8M Treasury, Runway Through January 2027
_Uniswap reports $85.8M treasury, grant funding, and a runway through January 2027 as ecosystem growth accelerates._
The Uniswap Foundation has released its unaudited fiscal 2025 financial summary, showing a treasury worth $85.8 million at year-end.
According to the report, the current balance sh
LiveBTCNews21h ago
Uniswap Foundation held $85.8M at year-end, committed $26M in grants during 2025
The Uniswap Foundation reported $85.8 million in assets by the end of 2025, including cash, UNI tokens, and ETH. In 2025, it committed $26 million in grants, while operating expenses totaled $9.7 million. The financial overview precedes the UNIfication proposal, establishing a new legal entity and projecting a runway until January 2027. Moreover, significant protocol milestones were achieved, including the launch of Uniswap v4.
CoinDesk04-01 11:03
