Ruble-Supported Stablecoin A7A5 Completes Audit With Full Fiat Backing

The A7A5 stablecoin, which is backed by the ruble, has successfully completed an independent audit that confirmed 100% fiat support for its active supply. This audit was conducted by Kreston Bishkek, a licensed member of the Kreston protocol that operates across more than 100 countries.

In contrast to Tether, the third-largest digital currency globally by trading market cap, which has yet to undergo a financial audit, A7A5 offers transparency with its quarterly audits and a model supervised by the state.

NOW: The first ruble stablecoin to be audited?

A7A5 has just completed an independent examination confirming complete fiat backing — surpassing Tether in this aspect. Launched under Kyrgyzstan’s crypto asset regulations, it provides daily yield from Russia’s elevated interest rates. pic.twitter.com/VYJ8gApYA5

— Crypto n Stocks News (@MemeCoinsNewz) May 26, 2025

A7A5’s Unique Yield-Generating Features

In April of this year, the introduction of Kyrgyzstan’s new digital asset framework enabled the launch of the ruble-backed A7A5 stablecoin. A local entity, Old Vector, issued the tokens compliant with the country’s forward-thinking digital currency legislation, backed by official regulatory endorsements.

The distinguishing feature of the A7A5 stablecoin is its capacity to provide yield for its holders by capitalizing on Russia’s higher interest rates, contrasting with other stablecoins that solely maintain reserves.

The stablecoin’s fiat reserves also generate interest based on the Russian Central Bank’s refinancing rate, complementable by decentralized finance tactics.

Notably, a system for daily yield distribution automatically allocates 50% of the earned interest to A7A5 holders within a 24-hour span, requiring no earning yield or user involvement. The remaining yield likely helps bolster reserve growth, cover operational costs, or price floor other yield-generating methods.

Additionally, Russian banks with correspondent accounts in Kyrgyzstan manage the reserves of the ruble-backed stablecoin to enhance financial efficiency for cross-border deals.

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A7A5’s Supply Surpasses $140m Shortly After Launch

The stablecoin was introduced on Meer Trading platform, a digital asset marketplace located in Kyrgyzstan. This protocol trades all significant stablecoin pairs, including USDT, and offers institutional and retail investors compliant ruble-backed assets.

While the A7A5 stablecoin is presently limited to Meer Trading network, there are plans for its expansion into decentralized trading platforms like Uniswap.

Remarkably, within a week of its introduction, the A7A5 stablecoin achieved a supply exceeding $140 million. This reflects strong interest from crypto users in Russia and neighboring CIS countries, primarily due to ongoing sanctions affecting USD-linked stablecoins.

Should authorities integrate the ruble-backed stablecoin into DeFi lending frameworks and liquidity pools, it could unlock new yield possibilities and trading strategies leveraging its interest-bearing ruble reserves against lower-yielding stablecoins.

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Regulatory Endorsement, Strategic Development, and Future Prospects

Kyrgyzstan has positioned itself as a crypto hub within the region, having established a comprehensive regulatory framework designed to attract investors.

As one of Central Asia’s fully regulated cryptocurrency marketplaces, it has garnered attention from significant players, including Binance, which recently entered into a memorandum of understanding with Kyrgyz authorities to develop the nation’s digital asset infrastructure.

Moreover, Russia’s evolving approach to cryptocurrencies may further stimulate interest in ruble-backed stablecoins like A7A5.

Nonetheless, the principal challenge facing the A7A5 stablecoin is its ability to scale and broaden its applications. To enhance accessibility, regulators must work on expanding A7A5’s presence across centralized and decentralized exchanges.

In addition, initiatives should be made to integrate the stablecoin with lending platforms and payment networks to establish it as more than merely a trading asset.

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The article Ruble-Backed Stablecoin A7A5 Passes Audit With 100% Fiat Backing was first published on 99Bitcoins.