Ruble-Backed A7A5 Overtakes Non-USD Stablecoins, Leading Market Cap

A7A5 has emerged as the leading non-USD stablecoin, boasting a market capitalization near $500 million. This milestone comes fueled by its backing by the Russian ruble, positioning it as an alternative to USD-pegged tokens in a world increasingly looking towards localized currencies and geopolitical diversification. As demand for stablecoins that offer alternatives to US dollar dominance grows, A7A5’s success signals a significant shift in the stablecoin market.