Ruble-Backed A7A5 Stablecoin Moves $9.3B on Sanctioned Russian Exchange Successor Grinex

The A7A5, Stablecoin tied to the Russian ruble, has processed over $ 9.3 billion in transactions on Grinex, widely perceived as a successor to the sanctioned Gurantex platform.

According to financial times“Most of these transactions came from only 124 wallets and raised questions about the nature of the token.

In March, Global Ledger claimed that the operators of the sanctioned Russian Stock Exchange have moved liquidity and customer resources to Grinex, which is described as a platform “A full -fledged successor.”

Elliptical flags A7A5 transmits as probable internal movements of the fund

Analysts from the analytical company Blockchain Eliptic said the post that many transfers were governed by “rigid solid patterns”, suggesting the movement of the internal fund rather than organic adoption.

While Grinex denied direct links to the Gurantex, the evidence suggests that the platform could absorb part of his clientele.

“Guarantex users with excellent balances at the time they were closed could attribute these balances to new accounts set up on Grinex,” said elliptical co -founder Tom Robinson.

Gurantex was sanctioned by the US cash register and hit a freezing of $ 27 million USDT from Tether at the beginning of this year.

Currently, the A7A5 is listed only on Uniswap and has a market limit of $ 151 million, with about 12 million tokens in circulation.

Alerts of compliance with the regulations: #Garantex Founders will launch a new platform

1/ After turning off the guarantex and #Theter The founders launched their purses and launched Grinex. Here’s what we have revealed pic.twitter.com/m28einnisn

– Global Ledger Alerts (@globalledger) March 19, 2025

According to Grinex’s telegram channel, it is traded not only against the Russian rubles, but also against the main stablecoins such as USDT and even US dollars.

The A7A5 company claims that the token is fully supported by 1: 1 ruble reserves held in Promsvyvyazbank, the Moscow bank under Western sanctions for its role in Russian military financing.

Despite its controversial increase in A7A5, it attracted approximately 24,000 holders based on Etherscan and Tonscan data.

However, analysts remain skeptical about its wider adoption and record concentrated transaction activity and opaque origin of many flows.

The alleged political connection A7A5 contributes to intrigue. The Center for Information Resistance showed links between Stablecoin and Ilan Sorry, a Moldovan entrepreneur and a sanctioned political figure convicted of fraud.

Although the A7A5 claims to have interrupted links with the A7 project in May in May, it was seen in June that Shor was promoting Stablecoin in the International Economic Forum in St. Petersburg in June.

The archetype market closed in the Europol raid

In June Europol Dismantled one of the longest markets of the dark siteArchetype Market, after coordinated raids across six countries.

In a similar incident of American law enforcement Smoked crypto associated with bidencashThe infamous dark web market, accused of sales of more than 15 million stolen credit cards and personal data.

The international operation reduced around 145 Darknet and traditional internet domains associated with the market.

In addition confiscated over $ 24 million In the cryptocurrency of the Russian national defendant from the development and operation of Malware Qakbot.

Contribution RUBL-PROPORED A7A5 STABLECOIN Moves $ 9.3B to the sanctioned successor of the Russian Stock Exchange Grinex He appeared for the first time Cryptonews.

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