A7A5 a7a5

A7A5 is a Russian-rouble-pegged stablecoin designed to maintain a 1:1 relationship with the Russian rouble (RUB). It is issued in Kyrgyzstan by Old Vector under the country's virtual-asset framework, and its stated purpose is to provide blockchain-based exposure to the rouble rather than a volatile, free-floating cryptocurrency.

The issuer says rouble fiat deposits are held in top-tier banks with a correspondent network connected to Kyrgyzstan. A7A5 documentation describes overnight-interest income on those deposits and says income is distributed to token holders after banks credit the deposits.

A7A5 is available on Ethereum and TRON, with six-decimal token contracts. It is positioned for rouble-denominated settlement, carry trades against other stablecoins, and DeFi liquidity use on venues such as Uniswap. The issuer's website says its target users are primarily in MENA and ASEAN and that the US market is intentionally excluded for regulatory reasons.

A7A5 addresses the lack of a blockchain-native instrument tracking the Russian rouble. Users otherwise need conventional banking rails or centralized exchange balances to obtain rouble exposure, which can be slower, geographically constrained, and less composable with smart-contract applications. A tokenized rouble can be transferred and used as a settlement or trading asset on supported networks.

It also targets the need for a yield-bearing reserve model: deposits backing the token may earn overnight interest, while the issuer says that income is passed to holders. The design does not remove issuer, banking, regulatory, liquidity, smart-contract, or RUB-peg risks; CoinGecko's API additionally warns that the Ethereum contract is unverified and its owner may be able to change contract behavior, including minting or transfers.

A7A5's stated peg mechanism is fiat backing: the project says each token is intended to correspond to one Russian rouble and that reserve roubles are held in bank deposits. The issuer publishes a token-supply transparency page showing circulation across supported networks and says reserve reporting is updated regularly, with independent external audits conducted quarterly.

The token is implemented as contracts on Ethereum and TRON. CoinGecko identifies the Ethereum contract as 0x6fa0be17e4bea2fcfa22ef89bf8ac9aab0ab0fc9 and the TRON contract as TLeVfrdym8RoJreJ23dAGyfJDygRtiWKBZ; both use six decimal places. Users can hold, transfer, trade, or provide liquidity with A7A5 through compatible wallets and applications.

Reserve deposits generate overnight interest. A7A5 documentation says that, since February 9, 2026, the current holder-yield formula is approximately the Central Bank of Russia key rate minus one percentage point, recalculated when the key rate changes, and distributed within 24 hours after bank funds arrive. Earlier materials described distributing 50% of interest, so the current documentation supersedes that older description.

The project says it is issued under Kyrgyzstan's virtual-asset legislation and state-supervised framework. Smart-contract audits are published in the documentation, but an audit is not a guarantee against implementation, governance, reserve, or market risks, and CoinGecko flags the Ethereum contract as unverified.