1. Overview

• Stablecoin: A7A5, pegged 1:1 to the Russian ruble

• Issuer: Old Vector, licensed under Kyrgyzstan’s virtual asset provider framework

• Blockchain: Ethereum and Tron

• Launch: 2025

• Type: Fiat-backed with interest yield; reserves reportedly held in banks linked to Promsvyazbank

2. Use Case

A7A5 enables:

• Ruble-denominated cross-border payments and sanction-resistant commerce

• Exposure to interest-bearing stablecoin mechanics, with returns from overnight ruble rates

• Participation in DeFi via wrapped versions on Curve, Uniswap, and Convex

• Trading through exchanges like Grinex and Meer Exchange

3. Regulation & Governance

• A7A5 operates under Kyrgyz crypto regulation passed in 2022

• Token issuer is licensed as a VASP and subject to local audit requirements

• Quarterly audit reports and weekly reserve disclosures are published

• The token is listed on Kyrgyz-regulated platforms, including Meer Exchange

4. Reputation & Community Insights

• There are no Trustpilot or mainstream customer reviews

• On-chain data reveals ~$9.3B in transfers between ~124 wallets, raising concerns of centralized activity and inorganic demand

• Analysts, including Financial Times, question A7A5’s liquidity sources and potential links to politically exposed individuals

5. CU Background Check

• The issuer Old Vector is registered in Kyrgyzstan

• Bank partners include Promsvyazbank, which is sanctioned by Western authorities

• Russian business figures such as Ilan Shor have been mentioned in relation to on-chain flows, according to CryptoRank

6. Crypto-Economics

• Peg: 1 A7A5 = 1 RUB

• Reserve assets reportedly yield overnight interest, with 50% passed back to holders as daily yield (source)

• Circulating supply ~12B tokens (≈$150M market cap at ~$0.0125/token)

• Most trading volume appears on Grinex and MEXC

7. Backing & Stability

• Weekly reserve attestations are published via A7A5’s Gitbook

• Funds reportedly held in sanctioned Russian-linked banks

• On-chain yield mechanism and high turnover raise regulatory red flags

• Analysts suspect systematic round-tripping or wash trading activity

8. Final CyberFinance Compliance Rating

⚠️ Final Rating: ORANGE–RED SIGNAL

📌 Ratex42 Summary

A7A5 positions itself as a ruble-based stablecoin offering high on-chain yield and Kyrgyz regulatory oversight. However, links to sanctioned banks, centralized trading flows, and the lack of independent reserve audits make it a high-risk option for institutional and compliant investors.