The supply of the Russian ruble stablecoin A7A5 surged by 90 billion dollars, surpassing USDT and USDC

According to CoinDesk, the ruble stablecoin A7A5 grew beyond USDT and USDC last year, with a supply increase of nearly $90 billion.

This stablecoin was launched by A7 LLC and is associated with the 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 dollar this year, mainly benefiting from capital controls and central bank interventions.