According to a report by the analytical company Elliptic, in less than a year, the stablecoin backed by the Russian ruble processed transactions exceeding $100 billion.
Experts stated that this digital asset was specifically launched to circumvent Western sanctions. It allowed companies related to Russia to move funds through cryptocurrency markets, thereby limiting the risk of asset freezing.
According to analysts, the amount of $100 billion represents the cumulative value of all transfers A7A5, recorded in public blockchains, including Ethereum and Tron. The stablecoin was primarily used as an intermediary asset between rubles and USDT from Tether.
Elliptic found that the activity of A7A5 sharply increased after its launch in early 2025, and then decreased in the second half of the year when sanctions and compliance measures imposed by exchanges and token issuers began to restrict its use.
The US sanctions imposed in August 2025 apparently had the most significant impact. Immediately after the restrictions were introduced, liquidity provision in USDT on DEX A7A5 significantly decreased.