Sanctions have accelerated fintech 📱

Crypto has two extremes: "memes" and "infrastructure." A7A5 is all about the latter.

I've written about them before, and now Cointelegraph has an article detailing how a whole settlement ecosystem has grown around the ruble stablecoin for companies needing quick and predictable cross-border transactions under sanction pressure.

These guys are building infrastructure, not noise:
- 1:1 peg to the ruble
- Operating for a year
- Issuance/regulatory framework - Kyrgyzstan
- Estimated turnover of $39 billion

The token is already trading on Grinex, Meer, and Bitpapa. The platform operates under international financial security standards, crucial for cross-border payments 💼

Essentially, a new financial ecosystem for settlements is forming. No unnecessary hype, just because the market needs it.

It's fascinating to see how such niche projects gradually become infrastructural.

@investkingyru | @investkingyru_en | twitter | CMC | Chats
$KINGY: swap.coffee, xRocket, STON.fi, Dtrade, x1000.