A new Russian-linked stablecoin, A7A5, has surged to a $500 million market capitalization, becoming the world’s largest non-U.S. dollar stablecoin despite multiple international sanctions. The stablecoin, issued in Kyrgyzstan and pegged 1:1 to the Russian ruble, now accounts for roughly 43$1.2 billion non-dollar stablecoin market, according to data from CoinMarketCap and DeFiLlama. Source: DefiLlama Its rapid ascent has raised alarms among Western regulators who believe the project could ...