A7A5 reports a $90 billion stablecoin supply surge in 2024, exceeding USDT and USDC growth, while targeting cross-border trade settlement amid U.S. sanctions and maintaining Kyrgyz regulatory compliance.
A7A5 disclosed a $90 billion increase in stablecoin circulation in 2024, surpassing growth in USDT and USDC. The ruble-denominated stablecoin issuer, led by director Oleg Ogienko, claims compliance with Kyrgyz regulations and Financial Action Task Force principles through audits, KYC, and AML procedures. Its affiliated issuers and reserve bank are sanctioned by the U.S. Treasury, yet A7A5 aims to facilitate cross-border trade settlement for Russian-linked businesses in Asia, Africa, and South America. The token operates on Tron and Ethereum, with limited DeFi liquidity due to secondary-sanctions risk.