A Russian stablecoin built to dodge sanctions says it can survive even if they're lifted
A7A5, a Russian stablecoin, aims to remain relevant even if sanctions are lifted by focusing on faster trade settlements and high yields. Executive Oleg Ogienko believes that the stablecoin can evolve from a wartime workaround to a long-term trade tool. However, it faces challenges from Western financial systems and ongoing sanctions.
- ▪A7A5 is a ruble-pegged stablecoin linked to the sanctioned Promsvyazbank.
- ▪Oleg Ogienko argues that A7A5 can remain competitive by enabling fast, non-dollar cross-border settlements.
- ▪The stablecoin's market cap is approximately $500 million, significantly smaller than leading stablecoins like Tether and USDC.
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PolicyShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailA Russian stablecoin built to dodge sanctions says it can survive even if they're lifted A7A5, the Russia-linked stablecoin built to move money around banking restrictions, says faster trade settlement, yield and regional crypto infrastructure could keep it relevant even if geopolitical tensions ease. By Sam Reynolds|Edited by Sheldon Reback May 17, 2026, 8:00 a.m. 4 min readMake preferred on Oleg Ogienko (CoinDesk)What to know: A7A5, a ruble-pegged stablecoin tied to sanctioned Russian defense bank Promsvyazbank, is trying to reposition itself from a wartime sanctions workaround to a long-term settlement tool for trade with Russia.Executive Oleg Ogienko argues that A7A5 can remain competitive after sanctions ease…
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