<ul data-eligibleForWebStory="true"><li>Garantex's alleged successor, Grinex, has processed over $9.3 billion of the Ruble-backed stablecoin A7A5, with speculations about the token's usage arising from transactions originating mainly from 124 wallets.</li><li>Currently, A7A5 stablecoin is listed on Uniswap, boasting a market cap of $151 million and approximately 12 million tokens in circulation.</li><li>Analysts suggest rigid transfer patterns indicate internal fund movement rather than organic token adoption, raising skepticism about the stablecoin's broader adoption.</li><li>Grinex has positioned itself to offer more USDT alternatives, distancing itself from illegal activities and emphasizing blocking suspicious transactions.</li></ul>

Ruble-Backed A7A5 Stablecoin Sees $9.4B Volume on Grinex, Garantex’s Successor

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