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Kyrgyzstan launches a stablecoin tied to the Russian ruble, offering up to 20% annual returns.
Kyrgyzstan is creating a crypto hub with the A7A5 stablecoin, pegged to the Russian ruble, issued by local firm Old Vector and supported by the government.
The token, now available on the regulated Meer Exchange and expected on decentralized platforms, aims to provide investors with higher returns of up to 20% annually, tied to the Central Bank of the Russian Federation's refinancing rate.
Its fiat backing is audited quarterly.
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Kirguistán lanza un stablecoin vinculado al rublo ruso, ofreciendo hasta un 20% de rendimientos anuales.