A ruble-denominated stablecoin outpaced the biggest dollar-pegged tokens last year, adding almost $90 billion in circulating supply even though its backers are sanctioned by Western governments. The token, A7A5, was introduced in January 2025 by A7 LLC, a cross-border payments firm linked to Russia’s state-owned Promsvyazbank and Moldovan businessman Ilan Shor, who has also been convicted in a$1 billion bank fraud case Issued through a Kyrgyz entity and circulating on the Tron and Ethereum blockchains, ...