Russia's PSB just launched A7 International — a USDT-to-fiat bridge for cross-border payments.
How it works:
• Pay with $USDT
• Counterparty receives fiat via SWIFT
• 0.3% flat fee
• Works for both businesses and individuals
This is huge for trade flows bypassing traditional rails. Russia's banking infrastructure is now directly onboarding stablecoins for international settlement.
PSB Chairman Petr Fradkov and A7 CEO Ilan Shor officially unveiled the service on Oct 13.
Crypto rails are eating legacy finance, one jurisdiction at a time.
How it works:
• Pay with $USDT
• Counterparty receives fiat via SWIFT
• 0.3% flat fee
• Works for both businesses and individuals
This is huge for trade flows bypassing traditional rails. Russia's banking infrastructure is now directly onboarding stablecoins for international settlement.
PSB Chairman Petr Fradkov and A7 CEO Ilan Shor officially unveiled the service on Oct 13.
Crypto rails are eating legacy finance, one jurisdiction at a time.