Ruble-backed A7A5 becomes largest non-USD stablecoin

A7A5, Russian ruble-backed stablecoin issued in Kyrgyzstan has overtaken EURC as the largest non-USD pegged stablecoin in the world with a market cap nearing $500 million. According to data from DeFi Llama, the ruble-backed stablecoin value has skyrocketed by 43%…