PANews reported on June 5th that Web3 security company CertiK recently released its "2026 Stablecoin Threat Report," highlighting that the stablecoin ecosystem faces dual challenges in terms of technological security and regulatory compliance. The report shows that since 2026, cross-chain bridge-related security incidents have caused over $328 million in losses, with the Kelp DAO wallet breach alone resulting in a $291 million loss, emphasizing that cross-chain bridges, custody systems, and payment infrastructure have become key targets for hackers.

Meanwhile, the report focuses on the development of the Russian ruble-based stablecoin A7A5. On-chain data shows that since its launch in 2025, A7A5 has accumulated over $110 billion in transaction volume, accounting for approximately 43% of the global non-USD stablecoin market. The report argues that A7A5 demonstrates a new model for building cross-border settlement networks using stablecoins and has become a key focus for global regulators. Despite ongoing sanctions from the US and Europe, the number of A7A5 holding addresses continues to grow, reflecting the new challenges faced by traditional sanctions systems when dealing with on-chain financial networks. CertiK states that stablecoin risks have expanded from smart contract vulnerabilities to financial infrastructure and geopolitical levels, becoming a crucial issue in global financial system risk management.