TechFlow News, January 09 — According to CoinDesk, the ruble-pegged stablecoin A7A5 outpaced both USDT and USDC in growth last year, increasing its supply by nearly $90 billion. Launched by A7 LLC, the stablecoin is linked to Russian state-owned Promsvyazbank and Moldovan businessman Ilan Shor, primarily helping Russian users bypass banking restrictions for cross-border payments. Despite Western sanctions, the ruble has appreciated over 40% against the U.S. dollar this year, largely due to capital controls and central bank interventions.
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