On April 23, 2025, the cryptocurrency exchange Grinex, licensed in Kyrgyzstan, announced the launch of P2P trading of the stablecoin A7A5, pegged to the Russian ruble at a ratio of 1:1. This was reported by the platform ForkLog, citing the exchange's press release. A7A5, developed by Old Vector, is backed by fiat reserves in banks and offers up to 20% annual income through a combination of conservative strategies and DeFi mechanics. The stablecoin is already traded on Meer Exchange, and Grinex is expanding its availability through a P2P platform.
Grinex, which is linked to the sanctioned exchange Garantex, allows users to buy and sell A7A5 without intermediaries and hidden fees. The platform promises to add new assets soon and uses multi-level authentication to protect data. According to Global Ledger, Grinex processed transactions worth $36 million, including significant A7A5 transfers from Garantex. This raised concerns about possible sanction evasion.
The launch of P2P trading of A7A5 opens new opportunities for investors seeking tools to work with currencies of emerging markets in the crypto space. Stay tuned for updates to learn more!
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