stable coins
By Pankaj K
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What the Analytics Firms Are Seeing. Several blockchain analytics firms have looked at A7A5's on-chain data and come back with the same…
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Transparency and Sanctions Make This Hard to Resolve. Verifying any of this is genuinely difficult. A7A5's operations aren't transparent in the way…
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A7A5 is fighting back. The Russian ruble-backed stablecoin issuer says crypto data providers are badly undercounting its trading activity — but blockchain analytics firms aren't…
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The dispute is pretty much what it looks like on the surface: a sanctioned entity insisting it's bigger than the data says, while independent analysts point to numbers that tell…
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Several blockchain analytics firms have looked at A7A5's on-chain data and come back with the same basic finding: trading volume is down, and down hard.
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A7A5 pushes back on that framing. The company's argument seems to be that the analytics firms are missing transactions, probably because the methodology those firms use isn't…
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The ruble peg adds another layer of complexity here. Ruble-backed stablecoins operate in a narrower market than dollar-pegged tokens, and the sanctions environment around Russian…
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Read also: Samsung and Dunamu Named in OUSD Stablecoin Consortium Without Their Knowledge
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Verifying any of this is genuinely difficult. A7A5's operations aren't transparent in the way that, say, a major exchange's order book data is.
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That's not unique to A7A5, to be fair. The broader crypto market has long struggled with volume inflation and data reliability.
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The crypto community's reaction has been skeptical. When a sanctioned issuer claims its volume is being undercounted, and can't produce transparent data to back that up, the…
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What's also worth watching is the broader question of how analytics firms handle sanctioned entities.
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See also: Brazils Central Bank Warning Sends Stablecoin Prices Up 2% in Hours
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For now, A7A5 keeps asserting its position. The analytics firms keep reporting a downturn. And the ruble-backed token's actual market presence stays murky, with no resolution in…
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A7A5 has yet to provide documentation that independently confirms its claimed transaction volumes.
The Currency Analytics
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