The ruble-pegged stablecoin A7A5 saw an on-chain circulation increase of approximately $89.5 billion over the past year, surpassing the growth rates of USDT and USDC. A7A5 was launched in early 2025, primarily aimed at providing cross-border payment solutions for Russian users under banking restrictions and gaining liquidity through DeFi. According to Artemis data, USDT and USDC added about $49 billion and $31 billion in circulation respectively last year; during the same period, the ruble appreciated over 40% against the dollar due to capital controls and central bank measures. (CoinDesk) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=54827