A Russian Ruble-pegged stablecoin, A7A5, has reportedly facilitated $9.3 billion in transactions over the past four months, according to BeInCrypto. This significant volume is particularly noteworthy given the current geopolitical climate and international sanctions against Russia. Launched in Kyrgyzstan, A7A5 appears to be playing a role in circumventing financial restrictions. Despite a relatively modest market capitalization of $156 million, its trading activity is substantial. Garantex, a Russian cryptocurrency exchange sanctioned and shut down in March, was an early adopter of A7A5, offering it on its platform. This further suggests its use in navigating sanctions and facilitating cross-border transactions within the Russian financial system. The future of this stablecoin and its impact on sanctions evasion remain to be seen. ```