According to online reports, according to Cointelegraph, since its launch in Kyrgyzstan in February this year, the stable coin A7A5 backed by the Russian ruble has completed approximately US$9.3 billion in transactions through the Grinex platform, with a market value of US$151 million. A7 and A5 claimed to be endorsed 1:1 by sanctioned Moscow Promsvyazbank Bank. Although Grinex denies having a direct connection with the sanctioned Garantex exchange, analysis suggests that there may be a business undertaking relationship between the two.