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A7A5 ruble stablecoin added $90 billion in 2025, outpacing USDT and USDC
On-chain data shows A7A5, a ruble-pegged stablecoin, was the fastest-growing stablecoin over the past 12 months and added about $90 billion to circulating supply in 2025. Issued via a Kyrgyz entity on Tron and Ethereum, it surpassed USDT and USDC despite an EU ban on ruble-backed transactions.