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.
Experts named the most profitable Bitcoin mining equipment
YouTube launched content creator payments in a stablecoin from PayPal
Do Kwon received 15 years in prison for the collapse of the $40 billion Terra crypto project
