2026-01-09 09:07:50

Russia's Ruble-pegged stablecoin A7A5 has seen a surge in on-chain circulation over the past year, with an additional scale of approximately $89.5 billion, far outpacing industry leaders USDT and USDC.

This stablecoin officially launched in early 2025, born out of a special background—under restricted banking channels, Russian users urgently needed new cross-border payment solutions. A7A5 filled this gap and, by integrating into the DeFi ecosystem to mine liquidity, formed a unique application closed-loop.

According to Artemis data, during the same period, the new circulation of USDT and USDC was approximately $49 billion and $31 billion respectively. In comparison, A7A5's growth rate not only significantly outpaced them but also reflected the strong demand for localized stablecoins in specific scenarios. This phenomenon is worth market attention—when payment channels are restricted, localized stablecoin solutions often experience explosive growth.

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RetailTherapist

· 01-09 12:34

89.5 billion? That number is outrageous... Are there really that many Russian users? --- The spring of localized stablecoins has arrived. It seems the more restrictions, the greater the opportunity. --- Ruble stablecoins surpass USDT and USDC. I like this script. --- Wait, is this growth rate real... feels a bit suspicious. --- Suddenly I understand, being blocked is the best growth catalyst. --- A7A5 really makes a fortune quietly; mainstream coins have all been exposed. --- So, policy restrictions can actually nurture dark horses. Interesting. --- 89.5 billion, I can't quite grasp it... Is this on-chain real data? --- No one thought of localized stablecoins from this perspective. Learned something new. --- If the Ruble-pegged coin can surpass USDT, I wouldn't have believed it half a year ago.

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NeverPresent

· 01-09 09:31

This number is shocking, 89.5 billion directly surpassing USDT and USDC... but can it really be held long-term? There is a reason why the Ruble stablecoin is popular; the payment channels are blocked, and users have no choice. A7A5's recent growth feels like forced demand, not genuine market competitiveness. We've heard too many stories about regional stablecoins; the key is whether they can survive past next year. DeFi closed-loop sounds good, but in Russia's environment... do you think it can be stable? The growth rate of 89.5 billion is really outrageous; I have some doubts about the authenticity of the data. When payment channels are restricted, any coin can become popular, which doesn't really prove anything.

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failed_dev_successful_ape

· 01-09 09:17

The rapid growth of the Ruble stablecoin is insane, 89.5 billion is truly crazy. The path of localization has indeed been underestimated; localized breakthroughs can break through the global narrative. This is why local matters. When major players are stuck, small and beautiful solutions become a lifeline. USDT and USDC, the two giants, also need to reflect—are monopoly benefits fading? Can A7A5 sustain this growth? That’s the real test. But on the other hand, how sustainable is the demand driven by restrictions on payment channels... The support of the DeFi ecosystem is indeed crucial; liquidity mining is still effective. It feels like this is the best practice where political realities meet crypto solutions. This data has made me reevaluate the potential of regional stablecoins.

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