The Russian settlement system A7 will launch USDT cross-border payment services
A7 International, created by Bank PSB, will launch on October 13. This service is primarily aimed at foreign trade operators, but individuals can also use it, with a fixed fee of 0.3%.A7 International allows users to pay invoices in foreign currency to counterparties using USDT, and the funds are then transferred to the desired currency via standard SWIFT bank transfer. Petr Fradkov, Chairman of PJSC Bank PSB, and Ilan Shor, CEO of A7, will introduce the product on October 13 at 13:13.A7 states that the company focuses on international trade payments and settlements, established in 2024 with the participation of PSB Bank, and is building payment infrastructure in over 100 countries. Its products include international payments, digital financial assets, and promissory notes, serving 15,000 clients and processing about 2,000 transactions daily; by 2025, approximately 19% of Russian companies' cross-border trade settlements will be processed by A7, and in October of the same year, it received an AA(RU) credit rating with a stable outlook from ACRA.
