US Treasury Targets A7 Network for Facilitating Illicit Finance

The US Treasury Department has designated A7 Network, which operates the ruble-backed stablecoin A7A5, as a Significant Transnational Criminal Organization.

This move is part of efforts to combat illicit finance and support sanctions evasion by Iran and the Islamic Revolutionary Guard Corps (IRGC).

The Treasury's Financial Crimes Enforcement Network (FinCEN) proposed a rule to block companies linked to A7 Network from accessing the US financial system, affecting both fiat currency and digital assets.

A7A5 is issued on the Tron (TRX) and Ethereum (ETH) networks and has facilitated transactions totaling at least $179.1 billion, according to FinCEN, with more than 180 entities processed between February 2025 and June 2026.