A7A5 Outlines Conditions for Development of Non-Dollar Stablecoin Market

RBK-cryptoPublished on 2025-12-15Last updated on 2025-12-15

Abstract

A7A5, the issuer of the largest ruble-backed stablecoin by market capitalization (over $524 million), has outlined the necessary conditions for the development of the non-dollar stablecoin market. According to Oleg Ogienko, Director of International and Regulatory Affairs, expanding this ecosystem requires connecting different legal regimes to enable businesses to operate "without friction." He made these remarks at the Global Blockchain Show in Abu Dhabi, noting a growing interest from Middle Eastern countries in collaborating with Russia and the CIS, where demand for non-dollar payment corridors is increasing. The company is focusing on global expansion, recently participating in key industry events in India and the UAE. A7A5 sees India as a crucial hub for international payments and Web3 ecosystems, and the Middle East as a dynamic center for digital finance innovation connecting Asia, CIS, Africa, and Europe. Ogienko emphasized that true innovation is only possible through partnership with regulators, not opposition. Transparency, auditability, and clear rules are key to building trust. He stated that ecosystems like A7A5 are becoming primary tools for regional economic integration. To improve the accessibility of its ruble stablecoin for users and businesses in Asia, Africa, and South America, the company plans integrations with international platforms and wallets that support stablecoins. In a significant regulatory development, the A7A5 stablecoin was the first in R...

To expand the ecosystem of non-dollar stablecoins, it is necessary to learn how to connect different legal regimes so that businesses "can operate without friction," stated Oleg Ogienko, Director of International and Regulatory Affairs at A7A5, during his speech at the Global Blockchain Show crypto conference in Abu Dhabi. He noted the growing interest of Middle Eastern countries in cooperation with Russia and the CIS, where the emergence of payment corridors not tied to the dollar is becoming increasingly in demand.

The ruble-based stablecoin A7A5 is the largest by market cap among stablecoins pegged to assets other than the U.S. dollar. According to CoinMarketCap, its market capitalization exceeds $524 million.

With the aim of expanding its global presence, the company behind the issuance of A7A5 participated in two significant crypto industry events in early December: the India Blockchain Week 2025 conference in India and the Global Blockchain Show in the UAE. A7A5 noted that it sees India as an important intersection point for international payments, trade routes, and Web3 ecosystems, and the Middle East as one of the most dynamic hubs for innovation in digital finance, connecting Asia, the CIS, Africa, and Europe.

In his speech, Ogienko focused on how the industry is moving towards creating a sustainable, secure, and scalable infrastructure. He noted that true innovation is only possible when companies work in partnership with regulators, not in opposition to them. He shared that A7A5's experience in several jurisdictions shows that transparency, auditing, and clear rules are becoming a key factor of trust.

Ecosystems like A7A5 are becoming a primary tool for regional economic integration, Ogienko noted. To increase the accessibility of the ruble stablecoin for users and businesses in Asia, Africa, and South America, the company plans integrations with international platforms, wallets, and services that support stablecoins.

At the end of September, the A7A5 stablecoin was the first in Russia to be recognized by the CFA. This gave Russian importers and exporters the legal ability to use A7A5 tokens as a means of payment for cross-border settlements.

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