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A ruble stablecoin outpaced market leaders last year despite international sanctions
Source: CryptoNewsNet Original Title: A ruble stablecoin outpaced market leaders last year despite international sanctions Original Link: A ruble-denominated stablecoin outpaced the biggest dollar-pegged tokens last year, adding almost $90 billion in circulating supply even though its backers are sanctioned by Western governments.
The token, A7A5, was introduced in January 2025 by A7 LLC, a cross-border payments firm linked to Russia’s state-owned Promsvyazbank and Moldovan businessman Ilan Shor, who has also been convicted in a $1 billion bank fraud case.
Issued through a Kyrgyz entity and circulating on the Tron and Ethereum blockchains, A7A5 is used to facilitate cross-border payments for Russian users facing banking restrictions, while also providing a route into market leader USDT liquidity through decentralized finance (DeFi) protocols without holding dollar stablecoins directly.
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The US dollar stablecoin is about to shake. This is getting interesting.
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90 billion in circulation, sanctions actually accelerated growth? Talk about a slap in the face.
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Wait, supporters who are sanctioned can still achieve this scale? The underlying logic must be really solid.
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Isn't this just another form of decentralization? The more they ban, the more it grows wildly.
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The Ruble stablecoin surpassing USDT? Why not say so earlier? How many opportunities were missed?
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Sanctions = Growth Accelerator. This irony is quite extreme.