• ‘We do not do illegal things’: Inside a U.S.-sanctioned stablecoin issuer’s race to build a crypto giant Oleg Ogienko, the public face of A7A5, pitched the ruble-pegged stablecoin as a fast-growing trade rail built to move money across borders despite sanctions pressure. • What to know: Oleg Ogienko, the public face of ruble-denominated stablecoin issuer A7A5, insists the firm complies fully with Kyrgyz regulations and international anti-money-laundering standards despite extensive U.S. • sanctions on its affiliates. • A7A5, whose issuing entities and reserve bank are sanctioned by the U.S. • Treasury, has grown faster than USDT and USDC and aims to handle more than 20 percent of Russia’s trade settlements, primarily serving businesses in Asia, Africa and South America trading with Russian partners. • Ogienko said that he and his team were developing partnerships with blockchain platforms and exchanges during Consensus in Hong Kong, though declined to name specifics.
Article Summaries:
- ‘We do not do illegal things’: Inside a U.S.-sanctioned stablecoin issuer’s race to build a crypto giant Oleg Ogienko, the public face of A7A5, pitched the ruble-pegged stablecoin as a fast-growing trade rail built to move money across borders despite sanctions pressure. What to know: - Oleg Ogienko, the public face of ruble-denominated stablecoin issuer A7A5, insists the firm complies fully with Kyrgyz regulations and international anti-money-laundering standards despite extensive U.S. sanctions on its affiliates. - A7A5, whose issuing entities and reserve bank are sanctioned by the U.S. Trea
Sources: