Stablecoin trading in Ersatz Rubles for whale-dollar

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There is a story at the base new rubles support stablecoinA7A5 is called and a new exchange, which uses it, is called GRINEX:

Despite the western sanctions on the border, FT, which was founded by the Western sanctions on the border, FT, established by the Western sanctions on the border, transferred several $ 9.3 billion to $ 9.3 billion in four months.

One of the many of the many interests is the volume of Russian crypto.

As we are reported in the piece, about 156 mln. Since the beginning of Grinex, these verses have been used to move more than $ 9.3 billion to wallets and wallets associated with Crypto Analytics companies. This is more than three months that the grinex wallets are equivalent to the whole supply of Tokken.

Can this number be so big? What is the real scale of economic activity that is upside down these actions?

The first thing to say is: There are actual objects under the volumes and we can see real-world interactions. For example, people have found a market that allows people to trade A7A5 for the Stablecoin, which adhesions of the wide-use dollar.

This provides some tips on the scale of trade in A7A5. From the end of April, the total volume of $ 129 million was sold in this market, the total volume in this market – the majority “Ersatz rubles” varies to dollars.

If you ferment, the volume of trade seems to be increasing, but there are a large amount of actors in the market, which seems to change large amounts of money. There were only 612 svaps during our analysis.

If we can say that A7A5 is measured in size for hundreds of millions, it is used for foreign exchange transactions, the large bulk of the actions we celebrate in the piece is so far away.

There is a reason for the coins to move so fast. A small number of wallets are regularly sent and receives a very large amount of A7A5 and to the suspect Grinex wallets. All indicate the same behavior.

These wallets are sent to a large round total of A7A5 worth millions of or ten million dollars from a Greenex Wallet. Then, after a while (usually less than an hour), the same value is paid to another, a different Grinex wallet.

We have found eight accounts following this example, up to more than 20 transfers and suspicious Grinex wallets. Their transfers consider $ 9.3 billion to $ 4.6 billion.

This means that this is not the strange, mechanical nature, no attempt to offer interest in the sign. And it doesn’t look like a wash. This is all too skinny. There is a value: people who participate in these signs pay “gas fees” to put back and forth. And are amounts massive.

As a kind of A7A5 uses a kind of administrative financial process. As we mentioned in the piece, this is a stablecoin that keeps Moscow office hours:

There are many opportunities here. Maybe if the verses are cleared to a transaction, then progress to the third party as a collateral as a refund? Or something different does something happen? Answers in a postcard can go to the comment box of assumptions.

Additional reading:
– Crypto coin for Russian shadow payments exceeded $ 9 billion (Ft)