A7A5 becomes the world's largest non-US dollar stablecoin, with a market capitalization soaring 250% in one day to $500 million.

PANews reported on October 6th that Cointelegraph has reported that despite multiple sanctions, the A7A5 stablecoin, pegged to the Russian ruble, has become the world's largest non-USD stablecoin by market capitalization. According to data from CoinMarketCap and DeFiLlama, A7A5's market capitalization reached nearly $500 million on Monday, accounting for approximately 43% of the total non-USD stablecoin market capitalization of $1.2 billion. A7A5 experienced a staggering 250% single-day surge on September 25th, adding $350 million to its market capitalization and surpassing Circle's Euro stablecoin, EURC. Despite sanctions imposed by the United States and the United Kingdom due to its ties to sanctioned entities and allegations of being used to circumvent Western financial restrictions, A7A5 continues to grow.

From Panewslab

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