Russian Officials Join A7 Board as Ruble Stablecoin Logs $140 Billion

Russian officials joined the A7 board as the ruble stablecoin logged $140 billion in cumulative transaction volume, according to PSB. A7 says alternative channels handle as much as 80% of Russia's foreign trade payments. This development underscores the growing role of stablecoins in circumventing sanctions and facilitating international trade.