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

The ruble-backed stablecoin, A7A5, has successfully undergone an independent audit that verified 100% fiat backing for its circulating supply. Kreston Bishkek, a licensed member of the global Kreston network that operates in over 100 countries, conducted the audit.

Unlike Tether, the world’s third-largest cryptocurrency by market capitalisation, which is yet to undergo a financial audit, the A7A5 promises transparency through quarterly audits and a state-supervised model.

NOW: First ruble stablecoin to get an audit?

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