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Report: Ruble Stablecoin A7A5's On-Chain Trading Volume Surpasses $100 Billion in Less Than a Year
Summary: In a breaking development, blockchain analytics company Elliptic's latest report reveals that the Ruble stablecoin A7A5 has surpassed $100 billion in on-chain trading volume since its launch in 2025. Introduced by Russian company A7 LLC, the stablecoin aims to help Russian businesses evade Western sanctions. A7A5 primarily serves as a bridge asset between the Ruble ...
In a breaking development, blockchain analytics company Elliptic's latest report reveals that the Ruble stablecoin A7A5 has surpassed $100 billion in on-chain trading volume since its launch in 2025.
Introduced by Russian company A7 LLC, the stablecoin aims to help Russian businesses evade Western sanctions. A7A5 primarily serves as a bridge asset between the Ruble and USDT, with a total trading volume of $17.3 billion, mostly on exchanges like Grinex in Kyrgyzstan. Despite significant trading volume, growth has been notably restricted since sanctions were imposed on A7A5 by the US and other countries in August 2025. The issuance of new tokens has essentially stalled since late July, with daily trading volume dropping from a peak of $1.5 billion to around $500 million. Major DEXs like Uniswap have blacklisted it, and liquidity for its USDT on its own DEX has significantly decreased. Sanctions have led users to face account freezing risks when transferring USDT from A7A5 to mainstream exchanges, further isolating it from the broader crypto ecosystem.
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Link: Report: Ruble Stablecoin A7A5's On-Chain Trading Volume Surpasses $100 Billion in Less Than a Year [Copy]
