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Ruble-Backed Stablecoin A7A5 Passes Audit With 100% Fiat Backing

  • The ruble-backed stablecoin, A7A5, has successfully undergone an independent audit verifying 100% fiat backing for its circulating supply by Kreston Bishkek.
  • A7A5 promises transparency through quarterly audits and a state-supervised model unlike Tether, which is yet to undergo a financial audit.
  • The A7A5 stablecoin can generate yield for holders by leveraging Russia’s high interest rates and pays daily yield without staking requirements.
  • Within a week of its launch on Meer Exchange, A7A5's circulating supply crossed $140 million, showing strong demand primarily from Russia and CIS nations.

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