Ruble Stablecoin A7A5 Surges to Lead Non-Dollar Market Amid Sanctions

The ruble-denominated stablecoin A7A5 has surged to lead non-dollar markets, reflecting shifts in global finance amid ongoing "international sanctions during the Russo-Ukrainian War."

• The capitalization of stablecoins not linked to the US dollar or gold has risen to $1.2 billion, marking a 2.5-fold increase since the years start.
• A7A5, the only liquid ruble token with fully deployed infrastructure, has surpassed stablecoins pegged to the euro and US government bonds in issuance volume.
• This surge in the use of the ruble-denominated stablecoin indicates a growing reliance on alternatives to the US dollar amid heightened "international sanctions during the Russo-Ukrainian War".