✨ Russian stablecoin A7A5🇷🇺 processes $110 billion and captures 43% of the non-USD market

✨ Russian stablecoin A7A5🇷🇺 processes $110 billion and captures 43% of the non-USD market

Backed by the Russian ruble, the A7A5 stablecoin has rapidly emerged as a key tool for facilitating international transactions linked to Russia, gaining prominence amid the tightening of Western sanctions.

➡️ Background: A7A5 was created in January 2025 by Old Vector LLC, a Kyrgyzstan🇰🇬-registered organization acting on behalf of the Russian cross-border payments company A7 LLC. The stablecoin emerged as a direct institutional response to Western sanctions pressure and became particularly relevant after Tether froze approximately 26–28 million USD in USDT held on the sanctioned exchange Garantex in March 2025.

➡️ Ownership structure — A7 LLC is jointly owned by sanctioned Moldovan-Russian oligarch Ilan Shor and Promsvyazbank.

➡️ Rapid growth: in a Skynet report published on June 3, analysts recorded a sharp increase in A7A5 trading volume, reaching approximately 102.7 billion tokens. The surge occurred on May 14, exactly ten days before the 20th EU sanctions package targeting cryptocurrencies entered into force.

➡️ Continued expansion: despite the 19th sanctions package introducing a formal ban on A7A5, the number of holders steadily increased from approximately 13,000 to 29,000 between February 2025 and May 2026.

➡️ International expansion: Western sources claim that Russia opened A7 offices in Nigeria🇳🇬 and Zimbabwe🇿🇼, while Togo🇹🇬 may become the next target market. In addition, PSB deputy chairman Dorofeev visited Madagascar🇲🇬 in January for discussions with the country’s new military government. So far, no African jurisdiction has been officially targeted by OFAC, although foreign companies operating with the stablecoin in those markets could face secondary sanctions.

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