Ukraine’s ‘Kinetic Sanctions’ Disrupt Russian A7A5 Stablecoin Services: Elliptic

Another successful Ukrainian drone attack deep inside Russia, the country that has invaded Ukraine, has produced an unexpected victim: transactions involving A7A5, a stablecoin designed to evade Western sanctions, have collapsed. On the night of Oct. 7-8, Ukrainian drones struck a Yandex—or “Russia’s Google”—data center in Sasovo, sending shock waves across Russia. One of those shock waves hit A7A5, a Russian ruble-pegged stablecoin operating on Ethereum and Tron that was designed to evade Western sanctions. Meanwhile, another Yandex data center was struck during the same week.

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