It was reported that A7A5, the new Russian Stablecoin company, has appeared as a major treatment tool on Grienx, an exchange of encryption that is widely seen as a successor to the GARANTEX platform in Russia.
After the launch of Stablecoin in Kyrgyzstan in February, A7A5 (A7A5) moved at least $ 9.3 billion I mentioned Wednesday.
Although GRINEX has repeatedly denied links with GARANTEX, it was claimed that the stock exchange was accustomed to balances by the approved GARANTEX users, which has been subjected to freezing of $ 27 million by Tether in March.
“Garantex users who have distinct balances can be stopped to have these balances that were created in new accounts prepared on Grienx,” Tom Robinson, Ellillage Founder, told FT.
A7A5: 24,000 holders and a market roof of $ 156 million
Since its launch about four months ago, the A7A5 collected about 24,000 pregnant ETHERSCAN and Crisian.
According to To track data by Coingecko, the A7A5 has a market capital of $ 151 million with about 12 million issued symbols and is only inserted into Excelsalized Exchange (Dex) UNISWAP.
Regardless of the Russian national currency, the A7A5 is also traded against Stablecoins such as USDT’s Usdt (USDT), as well as actual US dollars, According to For the Grienx Telegram channel.
The A7A5 claims that it is supported 1: 1 by the deposits of the Roubled that was held in Promsvyazbank, a Moscow -based institution that was punished by the United States, the United Kingdom and the European Union because of its role in the Russian defense sector.
Only 124 wallets behind $ 9.3 billion a7A5
According to FT, A7A5 transactions of $ 9.3 billion with Grienx came from only 124 wallets.
“The true value of the transactions represented by these symbolic movements is unclear: a large part of the flows follows solid solid patterns indicating that they may be used as part of an internal banking process,” said FT.
Elli -Elligan analysts added that the distinctive symbol is likely to be used by a limited number of actors or services at the present time.
GARANTEX closing a chance for Grienx?
While previous reports were also suspected that Grienx is the direct caliph of the turbulent GARANTEX, Grienx denies such allegations.
“Grienx benefited from market opportunities after Garantex closed as part of its growth strategy,” said Grienx actor. The actor added that the platform “is still” obtained a part of the non -toxic customer base in the banned GARANTEX exchange, which only adheres to users who have a transparent history.
Related to: The World Professor notebook discovers $ 15 million of GARANTEX assets that flow despite the freezing of Tether’s Troze
The alleged Grienx-Garantex relationship is not the only speculation that involves Exchang and A7A5.
According to To a report issued by the Information Flexibility Center (CIR), the A7A5 may be associated with Ilan Shor, a political figure in Moldovan and a businessman who is subject to sanctions and was convicted From fraud in Moldova.
Although A7A5 said it had reduced relations with the A7 project related to Shor in May, Moldovan’s pole appeared in a committee at the International Economic Forum at St. Petersburg in June, which strengthens the A7A5 Stablecoin.
Cointelegraph has arrived at A7A5 and Grienx for comment but he did not receive a response by publishing time.
magazine: History suggests that Bitcoin is 330 thousand dollars, the arrival of ETF 90 % encryption: Hadler Digest, from 15 to 21 June
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