What is A7A5: A stablecoin valued in rubles, offering yields, and backed by a bank

A7A5 is a stablecoin denominated in rubles, pegged 1:1 to the Russian ruble and backed by bank deposits. The stablecoin was issued in February 2025 by A7 Corporation under the regulatory framework of Kyrgyzstan, aiming to serve as a digital asset for ruble settlement amid sanctions pressures on the Russian financial system.

The launch of A7A5 was created to address the limitations of traditional banking services. Due to international sanctions making standard cross-border transfers more complex, this initiative has garnered widespread attention within the professional crypto community as a technical project, and it also serves as an important component of financial infrastructure adapted to new geopolitical challenges. Analysts note that since its issuance, the asset has experienced significant trading volume, with the total transaction volume in the first few months estimated to reach hundreds of millions of dollars.

According to data from the analysis platform DeFiLlama, by the end of 2025, A7A5’s market capitalization was approximately $500 million, with a circulating supply of about 39 billion tokens. This makes it one of the larger assets in the non-mainstream (non-USD) stablecoin sector, though it still lags behind major USD stablecoins like USDT and USDC.

Ruble Peg and Yield Mechanism

A7A5’s core feature is its strict peg to the ruble, supported by reserves of rubles held in bank deposits. This model allows the token to maintain price stability and serve as an alternative for ruble settlement within crypto and payment systems.

Additionally, the project team has officially announced that A7A5 holders can earn up to 15% annualized yield, achieved through a Rebase mechanism—that is, the wallet balance automatically increases when certain conditions are met. According to the project description and RBC reports, the yield calculation is linked to the Bank of Russia’s benchmark interest rate: the benchmark rate minus 1 percentage point. If the benchmark rate remains at 16%, the annual yield is approximately 15%.

In practice, users do not need to perform additional operations; simply storing A7A5 tokens in a compatible crypto wallet and selecting the Ethereum or TRON network will allow the system to automatically increase the balance. However, it’s important to note that the yield data is disclosed by the project team itself and has not been independently audited or verified by official regulatory authorities, so the actual payout at the stated rate cannot be guaranteed.

Regulatory Environment and Use Cases

A7A5 is classified as a Digital Financial Asset (DFA) in Russia, which potentially allows legal entities to use the token as a means of cross-border settlement and payment. However, A7A5 is not an official digital currency (such as the digital ruble) and is not directly regulated by the Central Bank of Russia.

The project has also attracted attention from international regulators and analysts, being viewed as a possible tool to help circumvent sanctions. Despite pressure from the US, EU, and UK, A7A5 continues to operate within the crypto space and maintains increasing activity.

Summary

A7A5 is a ruble-denominated stablecoin, pegged to the ruble and backed by bank deposits, issued by A7 Corporation under Kyrgyzstan’s regulatory framework. With notable trading volume and a relatively high market cap among non-mainstream stablecoins, it has gained market attention. Official information suggests that users have the opportunity to earn up to 15% annualized yield through an automatic interest mechanism, but this data has not been independently audited and remains primarily disclosed by the project, lacking third-party verification.