CoinVoice latest reports that, according to CoinDesk, the ruble stablecoin A7A5 grew by more than USDT and USDC last year, with a supply increase of nearly $90 billion.

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