Ruble-pegged stablecoin A7A5 outpaced USDT, USDC in supply growth last year

The Russian ruble-pegged stablecoin A7A5 was the fastest-growing stablecoin last year, with its circulating supply increasing by approximately $90 billion, outpacing major U.S. dollar-backed counterparts like USDT and USDC, CoinDesk reported. For comparison, USDT's supply grew by about $49 billion and USDC's by around $31 billion during the same period. A7A5 is a ruble-based token introduced by A7 LLC in January of last year. It was issued through a legal entity in the Kyrgyz Republic and is available on the Tron (TRC-20) and Ethereum (ERC-20) networks. The stablecoin is not currently listed on any major centralized exchanges and is only available for trading on Uniswap.