Stablecoin trade whale at Ersatz Rubles for a kind of dollars

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On the rift, there is a story about a Stablecoin supported by RoubleA7A5, and a new exchange that is used, is called Grienx:

It has succeeded in creating Alegrach in Moldovan fleeing and bank in the Russian defense sector, and FT has moved about $ 9.3 billion in a specialized exchange in only four months of its launch,

One of the many curiosity about the size of this Russian encryption project.

As we have informed in the piece, there are approximately 12 billion A7A5 symbols, equivalent to about 156 million dollars at the current exchange rate. Since Grienx’s launch, these symbols have been used to move more than $ 9.3 billion to and from portfolios that encryption analyzes have linked to exchange. This is equivalent to all supplies of the distinctive symbol that moves inside and outside GRINEX portfolios 60 times more than three months.

How can this number be very large? What is the true scope of the economic activity on which these moves are based?

The first thing he says is: There are real things that support quantities and we can see reactions in the real world. For example, we have found a single market that allows people to trade the A7A5 versus USDT, which is the widely used Stablecoin.

This provides some clues on the trade scale in the A7A5. Since the end of April, a total size of $ 129 million has been traded from A7A5 in this market-and most of it has changed Ersatz Rubles for a kind of dollars.

If you worry, the size of the deals seems to rise, but the market is integrated: it appears that a small number of actors sometimes transfer large sums of money. At the time of our analysis, there were only 612 barters in total.

While we can say that the A7A5 is used in hundreds of millions crossed currency transactions, the bulk of the movements we notice in the piece are far from this.

There is a reason behind the movement of coins very quickly. A small number of wallets are routinely sent and received very large amounts from A7A5 to and from the suspected GRINEX port. All of them show the same behavior.

This portfolio is sent a large round amount of A7A5, at a value of millions or tens of millions of dollars, from one Grienx portfolio. After that, shortly after a period (less than one hour), the same value is paid exactly in another GRINEX portfolio.

We have found eight accounts that followed this style, with more than 20 transportation operations in the total go to and from the suspected GRINEX port. Their transportation is $ 4.6 billion from 9.3 billion dollars.

The strange mechanical nature of this means that it is definitely not an attempt to provide attention to the distinctive symbol. It also does not seem like washing. This is very rational. There is also a cost to this: the concerned persons pay “gas fees” to convert these back and forth. And the sums particle.

Someone seems to use A7A5 in an administrative financial process. As we note in the piece, this is Stablecoin, which maintains working hours in Moscow:

There are a lot of possibilities here. Perhaps the distinctive symbols are developed to a third party account as a guarantee while connecting the transaction, then payment? Or maybe something different happens? Answers to a postcard, while speculation can be included in the comments box.

More reading:
– The encryption currency to pay Russian payments move 9 billion dollars (foot)