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The Polylog Crypto Intelligence Brief

Morning Edition · Saturday, July 4, 2026

Sanctioned Russian Stablecoin Claims Billions in Volume That Analysts Dispute

The ruble-backed A7A5 token says data providers understate its activity, while blockchain analytics firms say its volumes have fallen sharply this year.

Sanctioned Russian Stablecoin Claims Billions in Volume That Analysts Dispute

A7A5, a ruble-backed stablecoin subject to sanctions, says it processes billions of dollars in transactions and that mainstream crypto data providers understate its activity, CoinDesk reported. Blockchain analytics firms counter that the to…

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Sanctioned States Build Alternative Stablecoin Rails

Sanctioned economies will keep launching local-currency stablecoins to settle cross-border trade outside the dollar system, and their claimed volumes will remain contested between issuers and analytics firms.