Russian stablecoin projects aim to move away from the USDT system and promote cross-border crypto settlement of rubles.

CoinFeed reported on May 17th that, according to CoinDesk, A7A5, a stablecoin project based on the Russian ruble, stated that even if the situation between Russia and Ukraine eases and some sanctions are lifted in the future, the stablecoin still has long-term viability. Its core value lies in cross-border settlement efficiency, profitability, and the construction of regional crypto payment infrastructure. The stablecoin previously had a market capitalization of approximately $500 million. Initially designed to help Russia bypass banking restrictions, it aims to further develop into a "direct settlement channel between stablecoins," enabling direct exchange with other stablecoins without relying on USDT, USDC, or the US dollar system.