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EU Finance Ministers Meet Tomorrow To Discuss Euro Stablecoin Issuance: Why Is EU Sanctioning A7A5 Stablecoin?

On 9 October 2025, European Union finance ministers are meeting to discuss EU’s position on Euro-backed stablecoins. While the development of Euro-denominated stablecoins is coming along, its a long way to go before it can compete with the US.  According to a 8 October 2025 Reuters report, the finance ministers will discuss if Markets in … Read more

Ruble-backed A7A5 becomes largest non-USD stablecoin

A7A5, Russian ruble-backed stablecoin issued in Kyrgyzstan has overtaken EURC as the largest non-USD pegged stablecoin in the world with a market cap nearing $500 million. Summary A7A5 surged 43% in a day, boosting its market cap to $473.58 million and overtaking Circle’s EURC to become the world’s largest non-dollar stablecoin. The Ruble-backed stablecoin faces … Read more

TOKEN2049 strips U.S.-sanctioned A7A5 stablecoin from sponsor list

TOKEN2049 scrubbed all references to the A7A5 stablecoin from its website and speaker roster following Reuters’ inquiry. The swift takedown of the platinum sponsor, targeted by U.S. sanctions, revealed the event’s reactive posture to a major compliance scandal. Summary TOKEN2049 dropped sanctioned A7A5 stablecoin from its sponsor list after Reuters inquiries. A7A5, tied to Kremlin … Read more

Ruble-Backed Stablecoin A7A5 Passes Audit With 100% Fiat Backing

The ruble-backed stablecoin, A7A5, has successfully undergone an independent audit that verified 100% fiat backing for its circulating supply. Kreston Bishkek, a licensed member of the global Kreston network that operates in over 100 countries, conducted the audit. Unlike Tether, the world’s third-largest cryptocurrency by market capitalisation, which is yet to undergo a financial audit, … Read more

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