Overview

• A7A5’s market value neared $500 million after a late‑September surge, lifting it past Circle’s EURC to lead non‑dollar stablecoins with roughly 40–43% share.
• Blockchain tracing shows administrators destroyed and re‑minted over 80% of tokens and funneled about $6.1 billion through a replacement wallet labeled TNpJj following U.S. sanctions.
• Moscow granted the token formal digital‑asset status, enabling exporters and importers to use it on Promsvyazbank’s platform; the state lender is presented as the ruble reserve backer and shares deposit interest with holders.
• Conference organizers for Token2049 removed references to A7A5 after scrutiny, while activity data points to business‑hour settlement patterns and growing corridors in China, Nigeria and Zimbabwe.
• U.S., UK and EU sanctions remain in force, the EU is weighing additional curbs on engagement with the token, and Russia’s central bank plans a nationwide crypto audit in early 2026 with new monthly reporting requirements.