Russian Ruble-Pegged Stablecoin Surpasses $100B in Transactions Less Than a Year – Report
Blockchain analytics agency Elliptic’s report exhibits that Russia’s ruble-backed stablecoin A7A5, launched final 12 months to assist evade sanctions, has processed over $100 billion in transactions in lower than a 12 months.
Russia-based cross-border funds agency A7 LLC launched the stablecoin in January 2025 to bypass Western sanctions. It claims a 1:1 backing by ruble deposits held at Russian state-owned Promsvyazbank (PSB).
Per the report launched on Thursday, the stablecoin issued on Ethereum and TRON blockchains processed practically 250,000 on-chain transactions from 41,300 distinct accounts.
“Transaction numbers elevated considerably in late September 2025, as a result of introduction of the flexibility to buy A7A5 with PSB financial institution playing cards,” Elliptic famous.
In June 2025, Cryptonews reported that A7A5 crossed over $9.3 billion in transactions on crypto trade Grinex.
The stablecoin helps facilitate sanction evasion by functioning as a 1:1 ruble-backed “secure harbour,” despite the fact that Tether’s USDT grew to become the first crypto asset for Russian sanctions evasion.
A7A5 Stablecoin Hits $100B Transactions – Here’s How
The asset, which is presently listed solely on Uniswap, has a market cap of greater than $540 million, per CoinMarketCap data.
Further, the Elliptic knowledge exhibits that 35,500 accounts now maintain the stablecoin, a rise from the 14,000 in July 2025.
“Total A7A5 trade volumes have now reached $17.3 billion,” Elliptic added. “The main buying and selling pairs, A7A5/rubles ($11.2 billion) and A7A5/USDT ($6.1 billion), spotlight the stablecoin’s main function as a bridging asset between rubles and USDT.”
Stablecoin Supply Stalled Amid Heavy Western Sanctions
Besides, the stablecoin exercise is presently exhibiting indicators of stalling after heavy sanctions by the US, UK and EU on Russia-linked cryptos. The Western sanctions had been imposed on Russia, focusing on finance, vitality and items, because the nation’s full-scale Ukraine invasion.
“Despite comparatively high transaction volumes, there are indications that demand for A7A5 has stalled,” Elliptic report famous. “There are simply over 42.5 billion A7A5 in circulation, with a US greenback worth of $547 million.”
Additionally, the transaction volumes have dropped from a peak of over $1.5 billion per day to round $500 million per day.
The publish Russian Ruble-Pegged Stablecoin Surpasses $100B in Transactions Less Than a Year – Report appeared first on Cryptonews.
