A7A5 is a ruble-backed stablecoin now targeted by proposed EU sanctions that would bar EU persons and entities from transacting with the token, aiming to curb Russian-linked crypto 0 move follows prior UK and US restrictions and targets banks and infrastructure tied to the 1 may ban EU-based dealings with A7A5 Proposal also targets banks in Russia, Belarus and Central Asia accused of facilitating crypto transactions. A7A5’s market cap surged ~250% to roughly $500M after earlier sanctions, representing about 43% of non‑USD stablecoin supply. A7A5 sanctions: EU may ban dealings with the ruble-backed stablecoin A7A5—read the latest implications for markets and 2 what investors should watch 3 officials are reviewing a proposal to sanction A7A5, the largest non‑USD pegged stablecoin, and to restrict banks in Russia, Belarus and Central Asia for enabling crypto transactions tied to sanctioned 4 are the proposed A7A5 sanctions?
A7A5 sanctions would forbid EU-based individuals and organisations from directly or indirectly transacting with the ruble-backed 5 proposal also flags several regional banks for allegedly facilitating crypto flows tied to sanctioned entities, seeking to close channels used to bypass existing 6 did A7A5’s market cap react to earlier sanctions? A week after EU crypto platform sanctions were announced on Sept. 19, A7A5’s market capitalization jumped from about $140 million to over $491 million on Sept. 26, a one‑day increase near 250%, according to CoinMarketCap 7 market cap has since stabilized near $500 million, roughly 43% of the $1.2 billion total for non‑USD stablecoins.
A7A5’s market capitalization surged 250% a week after the EU first imposed sanctions.
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