A ruble stablecoin outpaced market leaders last year despite international sanctions

2026-01-09 10:26:55

Source: CryptoNewsNet Original Title: A ruble stablecoin outpaced market leaders last year despite international sanctions Original Link: A ruble-denominated stablecoin outpaced the biggest dollar-pegged tokens last year, adding almost $90 billion in circulating supply even though its backers are sanctioned by Western governments.

The token, A7A5, was introduced in January 2025 by A7 LLC, a cross-border payments firm linked to Russia’s state-owned Promsvyazbank and Moldovan businessman Ilan Shor, who has also been convicted in a $1 billion bank fraud case.

Issued through a Kyrgyz entity and circulating on the Tron and Ethereum blockchains, A7A5 is used to facilitate cross-border payments for users facing banking restrictions, while also providing a route into market leader USDT liquidity through decentralized finance (DeFi) protocols without holding dollar stablecoins directly.

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