A7A5 has become the world's largest non-USD stablecoin, with a big pump of 250% in one day to a market capitalization of 500 million dollars.

PANews, October 6 - According to Cointelegraph, despite multiple sanctions, the A7A5 stablecoin, pegged to the Russian ruble, has become the largest non-US dollar stablecoin by market capitalization globally. According to CoinMarketCap and DeFiLlama data, the market capitalization of A7A5 reached nearly $500 million on Monday, accounting for about 43% of the total market capitalization of non-US dollar stablecoins ($1.2 billion). A7A5 experienced an astonishing rise of 250% in a single day on September 25, with a market capitalization increase of $350 million, surpassing the euro stablecoin EURC issued by Circle. Despite being sanctioned by the US and UK for its associations with sanctioned entities and being accused of being used to evade Western financial restrictions, it continues to maintain its growth momentum.