Key facts
- Russian ruble-backed stablecoin A7A5 processed over $110 billion in cumulative on-chain transactions.
- A7A5 captured approximately 43% of the global non-US dollar stablecoin market.
- A7A5's holder count grew from 13,000 to 29,000 wallets between February 2025 and May 2026.
- CertiK described A7A5 as a clear example of a sanctions-evasion stablecoin ecosystem.
The Russian ruble-backed stablecoin A7A5 has processed over $110 billion in cumulative on-chain transactions, demonstrating significant growth despite Western sanctions. According to security firm CertiK, A7A5 captured approximately 43% of the global market for stablecoins not pegged to the US dollar. The stablecoin's user base also expanded considerably, with its holder count rising from 13,000 wallets in February 2025 to 29,000 wallets by May 2026. CertiK identified A7A5 as a prominent example of a stablecoin ecosystem being used to evade sanctions, linking it to Russian companies involved in cross-border settlements.