what's A7A5?
A7A5 is a stablecoin-like digital currency pegged to the Russian Rouble, collateralized by deposits in trusted banks. It leverages a correspondent banking network connected to Kyrgyzstan, benefiting from high overnight interest rates to maintain stability and yield. The token operates within the crypto ecosystem, enabling users to hold a rouble-backed asset on blockchain with potential for interest accrual. It is traded on various exchanges, with market data available on platforms like Crypto.com and Coinbase.
A7A5 processed over $100 billion in onchain transactions.
In July 2025, approximately $270M and $4M in transfers originated from known sanctioned and blacklisted addresses.
Processed over $100 billion in onchain transactions, including $80B in total transfer volume and over 100K transactions.
EU sanctions specifically target two affiliated Kyrgyz firms: Old Vector and Grinex.
EU imposes sanctions on Ruble-pegged stablecoin with transaction prohibition effective November 25th; primary on-chain address sanctioned at token level with multiple blacklisted wallets.
Market cap hits nearly $500M, establishing leadership position among non-USD stablecoins.
Company participates as platinum sponsor in TOKEN2049 Singapore conference scheduled for October 1-2.
Moldovan oligarch Ilan Shor, previously involved in billion-dollar theft, operates the stablecoin through companies in Kyrgyzstan, Turkey, UAE, Uzbekistan, and Mongolia to facilitate sanctioned Russian transactions.
Ruble-backed stablecoin emerges as key tool in CIS region for circumventing financial embargoes.