A7A5 Surpasses $500 Million Market Cap, Becomes World’s Largest Non-USD Stablecoin Despite Sanctions

Despite facing numerous sanctions, A7A5, a Russian ruble-backed stablecoin issued in Kyrgyzstan, has soared to become the world’s largest non-US dollar stablecoin. With a market capitalization of nearly $500 million on Monday, A7A5 represents 43% of the total $1.2 billion value of all non-US dollar stablecoins, according to data from CoinMarketCap and DefiLlama. This remarkable achievement highlights its ability to provide an alternative to the US dollar in the global financial landscape. Experts attribute this rapid growth to expanding decentralized finance (DeFi) applications and increasing institutional investments.