The sanctioned Russian ruble stablecoin A7A5 is at odds with blockchain analytics firms over its actual usage scale. A7A5 claims it processed a total transaction volume of $34.4 billion from January 1 to June 17 this year, with an average daily transaction volume of approximately $205 million. In contrast, TRM Labs estimates its average daily transaction volume to be only around $75 million, with about 34% of the volume suspected to be wash trading. Elliptic states that its monthly transaction volume has dropped over 90% since January and 96% from last year’s peak, suggesting the token has failed to achieve its goal of helping Russia evade sanctions. A7A5 denies these claims and accuses data providers of over-relying on centralized exchange data. A7A5 was launched in early 2025 in Kyrgyzstan, backed by deposits from Russia’s Promsvyazbank, which is under Western sanctions. It is currently sanctioned by the U.S., EU, and UK. (CoinDesk) https://www.(wublock123.com)/news/blockchain-analytics-challenges-russian-stablecoin-a7a5-volume-authenticity-63996