Ruble-Pegged Stablecoin A7A5 Tops $100 Billion in Volume Less Than a Year After January 2025 Launch

Blockchain analytics firm Elliptic reported that Russia's ruble-backed stablecoin A7A5, issued by A7 LLC in January 2025, has cleared over $100 billion in transactions in under a year. The token, backed 1:1 by ruble deposits at Promsvyazbank and running on Ethereum and TRON, has handled nearly 250,000 on-chain transfers across more than 41,000 addresses, though its growth is now showing signs of slowing under Western sanctions.