The A7A5 project has announced the successful completion of migration procedures for a new smart contract after a temporary loss of stablecoin binding to the basic asset.

The project team announced the transition to the new WA7A5 smart contract with the address 0xf442FF10B89514560A666666666666666666666c0ad287777094636A and the complete restoration of functionality, including the RebASING mechanism, which involves automatically accrual of interest on deposits.

The message emphasizes that the old smart contract no longer reflects the real price of the asset, and interaction with it can lead to financial losses.

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On August 21, Stablecoin A7A5 lost a binding to the ruble, and its course fell to 0.61 rubles per coin. The cause of the fall was the new sanctions of Great Britain and the USA against the companies related to the project, including the Old Vector and Grinex, as well as its key managers, which led to the forced cessation of the old WA7A5 smart contract.