A7A5, a ruble-backed stablecoin launched under Kyrgyzstan’s progressive crypto regulations, has passed an independent audit confirming full fiat reserves. The review was conducted by Kreston Bishkek, part of the global Kreston network, certifying that A7A5 is 100% backed by Russian rubles. Unlike Tether, which still lacks a complete audit, A7A5 commits to quarterly audits and a real-time reserve model.
The token, launched by Old Vector under Kyrgyz regulatory oversight, offers a unique twist—it generates yield by tapping into Russia’s high interest rates. Interest from fiat reserves held in Russian banks is split, with 50% distributed daily to holders without requiring staking. The other half is reinvested or used for operational sustainability.
Since its April debut on the licensed Meer Exchange, A7A5 has quickly grown to a circulating supply exceeding $140 million. It trades against major stablecoins like USDT, and upcoming listings on DEXs could further boost adoption. Its ruble linkage and local banking integrations make it attractive to Russian and Central Asian users looking to bypass dollar dependency.
Kyrgyzstan’s crypto laws, introduced in 2022, have made the nation a crypto hub in Central Asia. Regulatory support has drawn partners like Binance, which signed an MoU to support Kyrgyz crypto infrastructure. As Russia pilots cross-border crypto, A7A5 could play a strategic role as a ruble-denominated stable token.
Moving forward, A7A5 plans to publish weekly reserve reports and maintain strong regulatory ties. With transparency, yield, and early market entry, A7A5 is positioned to become a leading non-dollar stablecoin in emerging markets.
