A Russian stablecoin built to dodge sanctions says it can survive even if they're lifted
A7A5, a Russian stablecoin, aims to remain relevant even if sanctions are lifted by focusing on faster trade settlements and high yields. Executive Oleg Ogienko believes that the stablecoin can evolve from a wartime workaround to a long-term trade tool. However, it faces challenges from Western financial systems and ongoing sanctions.
- ▪A7A5 is a ruble-pegged stablecoin linked to the sanctioned Promsvyazbank.
- ▪Oleg Ogienko argues that A7A5 can remain competitive by enabling fast, non-dollar cross-border settlements.
- ▪The stablecoin's market cap is approximately $500 million, significantly smaller than leading stablecoins like Tether and USDC.
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| Original publisher | CoinDesk |
| Canonical URL | https://www.coindesk.com/policy/2026/05/24/a-russian-stablecoin-built-to-dodge-sanctions-says-it-can-survive-even-if-they-re-lifted |
| Publication time | Sun, 17 May 2026 08:00:00 +0000 |
| Retrieval time | 2026-05-17T08:03:59.095Z |
| Last seen | 2026-05-17T08:04:02.706Z |
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Opening excerpt (first ~120 words) tap to expand
PolicyShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailA Russian stablecoin built to dodge sanctions says it can survive even if they're lifted A7A5, the Russia-linked stablecoin built to move money around banking restrictions, says faster trade settlement, yield and regional crypto infrastructure could keep it relevant even if geopolitical tensions ease. By Sam Reynolds|Edited by Sheldon Reback May 17, 2026, 8:00 a.m. 4 min readMake preferred on Oleg Ogienko (CoinDesk)What to know: A7A5, a ruble-pegged stablecoin tied to sanctioned Russian defense bank Promsvyazbank, is trying to reposition itself from a wartime sanctions workaround to a long-term settlement tool for trade with Russia.Executive Oleg Ogienko argues that A7A5 can remain competitive after sanctions ease…
Excerpt limited to ~120 words for fair-use compliance. The full article is at CoinDesk.
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