A7A5

A7A5 is a fiat-backed stablecoin issued in Kyrgyzstan by a company called Old Vector, designed to maintain a one-to-one peg with the Russian Rouble. It is intended for people who want digital exposure to the Russian Rouble and for uses such as earning yield on decentralised-finance platforms or executing carry trades against other stablecoins. The collateral backing each token consists of Rouble deposits held in banks with a correspondent network connected to the Kyrgyz Republic.

Each A7A5 token represents one Russian Rouble held on deposit at partner banks, with reserve reports updated weekly and independent external audits conducted quarterly to verify that backing. The token operates on both the Ethereum and Tron blockchains, so transfers and smart-contract interactions follow the settlement rules of whichever network is used. The protocol automatically distributes 50 percent of interest earned on the reserve deposits to token holders once per day at a random time, requiring no action from holders beyond keeping tokens in a wallet.

Revenue comes from overnight interest earned on the Rouble bank deposits that back the token supply, and 50 percent of that income is distributed daily to all token holders in proportion to their holdings, with the issuer retaining the remaining half. The 30-day average trading volume relative to market capitalisation stands at 0.000555, and the 24-hour figure is 0.000023, both of which indicate that trading-derived fees — if any platform charges them — are generated on a very small volume relative to the total supply. The circulating stablecoin supply tracked across the broader category reached 558,359,842.35 at the point of measurement, while A7A5's own circulating supply is 39,238,998,818 tokens at a price of approximately 0.01163 US dollars each, giving a market capitalisation of roughly 456,514,195 US dollars.