Will's Blog: Elliptic: ruble-backed stablecoin A7A5 surpassed $100B in transactions in under a year, but demand cooled and daily volume fell from a peak of $1.5B+ to ~$500M (Melos Ambaye/Bloomberg)

24 January 2026

Elliptic: ruble-backed stablecoin A7A5 surpassed $100B in transactions in under a year, but demand cooled and daily volume fell from a peak of $1.5B+ to ~$500M (Melos Ambaye/Bloomberg)

Melos Ambaye / Bloomberg:
Elliptic: ruble-backed stablecoin A7A5 surpassed $100B in transactions in under a year, but demand cooled and daily volume fell from a peak of $1.5B+ to ~$500M — The ruble-backed stablecoin created to circumvent sanctions on Russia has surpassed $100 billion in transactions in less …

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