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Sanctions & Economic Statecraft·Full Access

A7A5 Rate Tracker

A7A5 Rate Tracker

Russia's sanctioned ruble stablecoin, A7A5, has paid interest nearly every business day since it launched, and each payment is written to a public blockchain. Frontline Atlas reconstructed all of them and checked the record against the issuer's stated formula and the Bank of Russia's rate decisions. The formula has held through five straight resets. What backs the yield is a sanctioned Russian defense bank.

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