Russian currency nears $140B trading

The stable Russian currency (A7A5), backed by the ruble, is part of the settlement infrastructure of the A7 system launched by Promsvyazbank in February 2025. Its trading volume approaches $140 billion, making it the largest non-dollar stable currency in the Russian market. The platform is currently used by 15,000 clients of various sizes, conducting around 2,000 payments daily. About 90% of the platform’s transactions are with Asian countries, particularly China. Despite Western sanctions imposed on companies connected to the currency, the platform's goal is to build a domestic infrastructure that allows continued international payment operations. The system has been adapted to remain effective even under sanctions, and A7 is profitable, though specific details are not disclosed.

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