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Token2049 removed A7A5 sponsorship information. The trading volume of the stablecoin reached 70.8 billion USD.
[Coin World] After inquiring with Reuters about the project's platinum sponsorship and speaking engagement at the Singapore summit, Token2049 removed any mention of A7A5 (a ruble-backed stablecoin subject to U.S. and U.K. sanctions) from its website. The head of A7A5 claims that its market capitalization reaches $1.2 billion, capturing 44% of the non-USD stablecoin market. Researchers from a certain data platform reported that since its launch in January, the transfer amount for A7A5 has reached $70.8 billion. The project denies any connection to Money Laundering and insists on compliance with regulations in Kyrgyzstan.