The turnover of the ruble-denominated stablecoin exceeded $40 billion.

In July, the turnover of the ruble-denominated stablecoin A7A5 exceeded $40 billion, according to Reuters. The growing demand for A7A5 has led to the fact that the market capitalization of the stablecoin has tripled to $ 521 million in less than two weeks. At the same time, daily activity has reached more than $1 billion.

According to the agency, in July, an additional $100 million was allocated to the USDT turnover, which allowed meeting the increased demand.

The A7A5 stablecoin allows for cross-border payments that most Russian banks cannot offer.

The launch of the stablecoin was announced in January 2025. It has become Russia's key tool for international settlements, helping businesses use traditional transfer systems under restrictions, Reuters notes.

Earlier, Jurgen Schaaf, an adviser to the ECB's market infrastructure and payments department, warned that the growing popularity of dollar-pegged stablecoins threatens to undermine the European Central Bank's (ECB) control over monetary policy.