Source: CryptoNewsNet
Original Title: Most Influential: Oleg Ogienko
Original Link:
Historically, there has been little international demand for Russia’s ruble. But a stablecoin pegged to the country’s currency is having a moment – and becoming a prominent fixture at conferences outside the Western sphere of influence.
Although Russia is one of the world’s largest energy exporters, accounting for over 10% of the global oil supply, most of that trade is settled in dollars, euros, or, increasingly, China’s renminbi. The Bank for International Settlements (BIS) does not list any ruble currency pairs among the major foreign exchange turnover, a reflection of how marginal the currency has become in global markets.
Yet in 2025, a ruble-backed stablecoin called A7A5 emerged as one of the most geopolitically-charged crypto projects of the year, a tool built not for global investors but for a sanctions-restricted economy searching for new financial plumbing.
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FlashLoanKing
· 2025-12-19 18:25
Whoa, a Russian stablecoin? This guy really dares to play around.
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RetiredMiner
· 2025-12-19 18:06
Ruble stablecoin? How long can this scheme last...
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DegenDreamer
· 2025-12-16 19:19
Wow, Russia is also starting to play with stablecoins? How are the sanctions going to work now...
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PseudoIntellectual
· 2025-12-16 19:18
Wow, a Russian stablecoin? That's really impressive...
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PanicSeller
· 2025-12-16 19:17
Whoa, a Russian stablecoin? How do you play this game...
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ser_we_are_early
· 2025-12-16 18:59
Whoa, a Russian stablecoin? Are they playing with fire? Haha
Ruble-Backed Stablecoin A7A5: Crypto's Answer to Geopolitical Sanctions
Source: CryptoNewsNet Original Title: Most Influential: Oleg Ogienko Original Link: Historically, there has been little international demand for Russia’s ruble. But a stablecoin pegged to the country’s currency is having a moment – and becoming a prominent fixture at conferences outside the Western sphere of influence.
Although Russia is one of the world’s largest energy exporters, accounting for over 10% of the global oil supply, most of that trade is settled in dollars, euros, or, increasingly, China’s renminbi. The Bank for International Settlements (BIS) does not list any ruble currency pairs among the major foreign exchange turnover, a reflection of how marginal the currency has become in global markets.
Yet in 2025, a ruble-backed stablecoin called A7A5 emerged as one of the most geopolitically-charged crypto projects of the year, a tool built not for global investors but for a sanctions-restricted economy searching for new financial plumbing.