EU Targets Russia’s Stablecoin Lifeline

The European Union is tightening the screws on Moscow’s financial workarounds. This time, the focus is on A7A5, a ruble-backed stablecoin that’s quietly processed $68B+ in transactions since launch.

Why it matters:

⪼ A7A5 has become a key tool for sanctions evasion, letting money flow around restrictions.

⪼ Backed by Russia’s state-linked Promsvyazbank, the token currently has ~$496M in circulation.

⪼ The EU’s new proposal would ban all EU entities from trading or dealing with A7A5.

⪼ To cut off loopholes, the crackdown may extend to banks in Russia, Belarus, and Central Asia tied to these flows.

This move underscores a bigger truth: crypto isn’t just about markets, it’s a front line in geopolitics.

👉 What do you think? Will banning A7A5 truly choke Russia’s crypto lifeline, or will another workaround appear?