According to PANews on June 5, web3 security firm CertiK released its 2026 Stablecoin Threat Report, revealing that A7A5, a ruble-backed stablecoin, holds approximately 43% of the global non-USD stablecoin market. The report shows A7A5 has accumulated over $110 billion in trading volume since its 2025 launch. The report highlights that cross-chain bridges have become a critical attack vector, with security incidents causing $328 million in losses year-to-date, including a $291 million loss from the Kelp DAO wallet exploit.
CertiK notes that despite successive Western sanctions, A7A5 holder addresses continue to grow, reflecting new challenges traditional sanctions face against on-chain financial networks. The report identifies stablecoin risks as now extending from smart contract vulnerabilities to financial infrastructure and geopolitical dimensions.