A7A5

A7A5 is a fiat-backed stablecoin designed to maintain a one-to-one peg with the Russian Rouble, issued in Kyrgyzstan by a company called Old Vector. It targets users who want digital exposure to the Russian Rouble, including those interested in currency carry trades or earning yield on decentralised finance platforms. The problem it addresses is the difficulty of accessing and transacting in Russian Roubles through blockchain infrastructure, particularly via networks with links to the Kyrgyz Republic.

A7A5 tokens are backed by Rouble deposits held in banks that maintain a correspondent network connected to Kyrgyzstan, with the issuer publishing weekly reserve reports and commissioning quarterly external audits to verify that backing. The token operates on both the Ethereum and Tron blockchains, meaning it settles according to whichever network a holder uses, and no block time is applicable to the token itself since it relies on those underlying networks. Reserve interest is collected by the issuer, and fifty percent of that income is distributed daily to token holders automatically, requiring no on-chain action from recipients.

Revenue is generated from overnight interest earned on the Rouble bank deposits that back the circulating supply, which stood at approximately 464,817,747.97 Roubles-equivalent at the point this data was recorded. Half of that interest income is passed to token holders through automatic daily distributions, while the issuer retains the remaining half. The circulating supply grew by approximately 1.55 percent over the prior 30 days, which affects the total interest base from which distributions are drawn. There is no separate protocol fee charged to users for transfers or redemptions based on the data available here.