A7A5 Stablecoin, a cryptocurrency pegged to the Russian ruble, has generated over $1 trillion in on-chain transaction volume in less than a year.
As of January 28, 2026, the latest price of A7A5 on Uniswap is $0.01303, with a market capitalization of approximately $510 million, ranking around 152nd among cryptocurrencies by market cap.
01 Core Price Data for A7A5
As of January 28, 2026, A7A5 stablecoin has demonstrated relatively stable price behavior. According to data from several major tracking platforms, its key price metrics are as follows:
The latest price for A7A5 is about $0.01303. Over the past 24 hours, the price has fluctuated narrowly between $0.01294 and $0.01318, reflecting the low volatility typical of stablecoins.
Market capitalization varies depending on the data source: CoinGecko reports approximately $510 million, while CoinMarketCap lists $542 million. This discrepancy likely stems from differences in how circulating supply is calculated.
Here’s a summary comparison of A7A5’s key market data:
| Metric | Data | Description |
|---|---|---|
| Current Price | $0.01303 | Latest price on CoinMarketCap as of January 28, 2026 |
| 24-Hour Trading Volume | $334.32 to $340.74 | Primarily from decentralized exchanges |
| Circulating Supply | 39.18 billion to 41.6 billion | Slight differences across platforms |
| All-Time High | $0.2296 (August 14, 2025) | Current price is down about 94.3% from the peak |
| All-Time Low | $0.00001048 (August 21, 2025) | Current price is up over 124,000% from the low |
From a technical analysis perspective, A7A5’s short-term moving averages (SMA10 and EMA10) both indicate buy signals. The Relative Strength Index (RSI) sits at 55.48, which is considered neutral, showing no signs of overbought or oversold conditions.
02 Project Background and Core Mechanisms
A7A5 is a stablecoin pegged to the Russian ruble, aiming to maintain a 1:1 ruble exchange ratio. The project is issued by Old Vector, a Kyrgyzstan-based company, and fully complies with Kyrgyzstan’s Virtual Assets Law enacted on January 21, 2022.
A7A5’s design incorporates several unique mechanisms. First, ruble deposits are held at top-tier banks with extensive correspondent networks in the Kyrgyz Republic, enabling access to higher overnight interest rates.
Second, the project commits to weekly reserve reports and undergoes quarterly external audits by independent firms to ensure transparency and accountability.
Most notably, its income distribution model stands out: A7A5 automatically allocates 50% of interest income to all token holders, with distributions occurring at random times each day when funds are deposited in the bank. Holders receive these allocations without any action required.
03 Market Performance and On-Chain Data
A7A5’s market performance has shown distinct phases. Before international sanctions were imposed in August 2025, the token experienced rapid growth.
According to blockchain analytics firm Elliptic, A7A5 has accumulated over $100 billion in on-chain transaction volume since its launch. Most trading activity has taken place on Kyrgyzstan’s Grinex exchange.
However, since August 2025, when the US and other countries imposed sanctions on A7A5, its growth has been significantly constrained. New token issuance has essentially halted since late July, and daily trading volume has dropped from a peak of $1.5 billion to about $500 million.
Major decentralized exchanges like Uniswap have blacklisted A7A5, and liquidity injections of USDT on its own DEX have also declined sharply. Users transferring USDT from A7A5 to major exchanges now face the risk of account freezes, further isolating the token from the broader cryptocurrency ecosystem.
04 Risk Warnings and Investment Considerations
Despite A7A5’s innovative mechanisms, investors must be aware of multiple associated risks. Security firms have identified several high-risk features in this token.
On the smart contract side, developers can mint new tokens at any time and can block specific wallets from transacting. These centralized controls run counter to the ethos of decentralization.
Compliance risk is the most pressing challenge for A7A5. As a tool for Russian entities to circumvent sanctions, the token has come under close scrutiny from Western regulatory agencies.
Liquidity risk is also significant. With major exchanges blacklisting it, A7A5’s trading channels are increasingly restricted, which may impact investors’ ability to buy or sell.
Market data shows that A7A5’s wealth distribution is highly concentrated, with the top 10 addresses holding over 98% of the circulating supply. This concentration makes the token’s price highly susceptible to manipulation by large holders.
Outlook
Since August 2025, A7A5’s price curve has flattened, with daily trading volume stabilizing around $500 million—markedly lower than the pre-sanction peak of $1.5 billion.
This ruble-backed stablecoin operates within Kyrgyzstan’s legal framework and attracts holders through its unique interest distribution mechanism. As major exchanges continue to blacklist it, A7A5’s trading channels are narrowing, and it is gradually becoming a niche settlement tool within a specific region.
