Russian payment system A7 (Bank PSB) just dropped A7 International today.
The play: Pay foreign invoices in $USDT → counterparty receives fiat via SWIFT in their local currency.
Flat 0.3% fee. Open to corps AND retail.
Petr Fradkov & Ilan Shor presenting at 10:13 UTC.
This could be a workaround for sanctions-hit trade flows. Worth watching if you're tracking stablecoin adoption in non-Western rails.
The play: Pay foreign invoices in $USDT → counterparty receives fiat via SWIFT in their local currency.
Flat 0.3% fee. Open to corps AND retail.
Petr Fradkov & Ilan Shor presenting at 10:13 UTC.
This could be a workaround for sanctions-hit trade flows. Worth watching if you're tracking stablecoin adoption in non-Western rails.