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Sanctioned entity
Supply across all stablecoins
Its one stablecoin
Share of total stablecoin supply
#14 of 98 issuers by supply
Share of non-USD stablecoin supply
of 74 non-USD stablecoins on the map
Stablecoins issued
median issuer: 1
Chains
read onchain, #61 of 98 issuers
Founded / domicile
KG · Bishkek
Old Vector LLC is the Kyrgyzstan-registered issuer of A7A5, a Russian-ruble-pegged stablecoin backed by ruble deposits at Promsvyazbank and linked to a sanctions-evasion network associated with A7 LLC and Ilan Shor.
What sets it apart
The US, the UK and the EU have each designated Old Vector. Switzerland, Canada and Australia have also listed it. The EU also banned transactions in its stablecoin, A7A5.
Who issues
Old Vector LLC is registered in Bishkek, Kyrgyzstan. The UK sanctions list gives its address as 40/4 Karalaeva Street and its entity type as "Virtual Asset Issuer". Kyrgyz outlet Akchabar reported that the firm was registered on 13 December 2024, with Süyünbek Karabekov as founder and director.
Ownership and business
The US Treasury said A7A5 was created for Russian customers of A7 LLC. Treasury described A7 as a Russian firm that provides cross-border settlement platforms used for sanctions evasion. It said A7 is owned by Ilan Shor and Promsvyazbank, both sanctioned. Old Vector worked with the Garantex exchange and others to create A7A5, according to Treasury. Elliptic names A7 as Old Vector's parent.
The A7A5 documentation does not name Old Vector. It says the issuer is "registered and regulated in accordance with Kyrgyzstan's legislation". Its terms say the US market is excluded.
Sources: US Treasury press release sb0225 (14 August 2025), OFAC recent actions, 14 August 2025 (SDN entries), OFSI financial sanctions notice, Russia, 20 August 2025 (Old Vector LLC entry), SECO Swiss sanctions list (consolidated XML), entry LLC Old Vector, Global Affairs Canada: Consolidated Special Economic Measures Act sanctions list (Old Vector LLC), DFAT Australian Sanctions Consolidated List (Old Vector Limited Liability Company), Elliptic: EU sanctions target A7A5 ruble-backed stablecoin, Akchabar: Finnadzor disclosed the real scale of the A7A5 ruble stablecoin issued in Kyrgyzstan, A7A5 docs: Legal Framework, A7A5 docs: Terms of Use (Applicable Law)
A7A5 is Old Vector (A7A5)'s only stablecoin.
A7A5's supply, counted once across its chains.
Supply of every coin Old Vector (A7A5) issues, summed by chain from DIA's own totalSupply() reads of the verified contracts. Each coin's tokens are converted to dollars at DIA's price for that coin, or split pro rata from its market figure where DIA has no price, so coins in different currencies can share one column. Wrapped coins are left out: their supply is already inside the coin they wrap. Each chain shows the same amount as the chain row on each coin's own page.
US$561.7M
Read on 2 chains, all in the total
Tron99%US$554.7M
Ethereum1%US$7.0MHow far each stablecoin Old Vector (A7A5) issues sits from its peg today, from DIA's latest snapshot.
Typical daily move is the standard deviation of the daily gap between the price and the peg over the last 90 days. Largest move is the single day in the last 12 months furthest from the peg. Both come from daily closes at 00:00 UTC (DeFiLlama, with CoinGecko where DeFiLlama has no price) and match the figures on each stablecoin's own page.
A7A5 is priced through a daily exchange rate fixed at a different time of day from the stablecoin's close. That widens the 90-day and largest figures, so they are not comparable with the USD stablecoins' figures.
Attestation cadence is how often an independent accountant's report covers the reserves, where one is published. A stablecoin with none shown has no cadence published.
Stablecoins whose value rises by design, such as savings wrappers, have no peg figures. Their price is a yield curve, not a peg.
| Stablecoin | 90d | Largest | Attestation |
|---|---|---|---|
| 105 bps | −368 bps (−3.68%) | None identified |
Lending-market supply of Old Vector (A7A5)'s stablecoin. Yield pools live on the stablecoin's own page.
No lending market read yet.
Registered as a virtual asset service provider or issuer under the Kyrgyz Republic's law on virtual assets.
What the issuer publishes
The A7A5 docs say ruble deposits are "held in top-tier banks with a correspondent network connected to Kyrgyz Republic". They do not name the banks. The transparency page in the docs has two sentences: a commitment to transparency, and a note that issuance is distributed through licensed brokers and exchanges. The transparency page on the A7A5 website shows tokens in circulation by network and links a smart contract audit report. Neither page gives a reserve total, a bank breakdown or an attestation. The docs say the smart contracts were audited by "one of the leading blockchain security firms" and do not name the firm. The published audit report, covering 21 to 23 January 2025, leaves the firm's name blank.
What others report
Chainalysis describes A7A5 as backed by ruble deposits at Promsvyazbank (PSB). Elliptic writes that each A7A5 is claimed to be backed 1:1 by deposits at PSB. Akchabar reported that Kyrgyzstan's financial market regulator registered an issuance of 100 billion tokens against 100 billion rubles on 19 February 2025. The regulator said Old Vector itself manages the financial backing, according to the same report.
Sources: A7A5 docs: What is A7A5?, A7A5 docs: Transparency, A7A5 website: Transparency, A7A5 docs: Smart-Contracts Audits, A7A5 Token Audit Report (PDF linked from the A7A5 transparency page), Chainalysis: A7A5, Grinex and the Russian crypto economy after OFAC sanctions, Elliptic: EU sanctions against A7A5 and Payeer come into effect, Akchabar: Finnadzor disclosed the real scale of the A7A5 ruble stablecoin issued in Kyrgyzstan
United States
OFAC designated Old Vector on 14 August 2025 under E.O. 13694, as further amended, for supporting A7. The same action designated A7, its subsidiaries A71 and A7 Agent, and the Grinex exchange.
United Kingdom
OFSI listed Old Vector LLC on 20 August 2025 under UK Sanctions List reference RUS2985. The listing carries an asset freeze and a ban on trust services. The stated reason is support for the Government of Russia through business in the Russian financial services sector.
European Union
The EU adopted its 19th sanctions package on 23 October 2025. It named Old Vector, A7 and Grinex, and barred EU persons from any transaction involving A7A5. The transaction ban took effect on 25 November 2025.
Other designations
Switzerland (SECO), Canada and Australia (DFAT) have also listed Old Vector LLC. The Swiss listing describes Old Vector as the issuer of A7A5, backed by rouble deposits at PSB Bank, a Russian state-owned bank.
Kyrgyzstan
The financial market regulator, Finnadzor, lists an Old Vector issuance in its state register of virtual asset issues. Akchabar reported that Old Vector obtained virtual asset issuer status in February 2025. The country's financial market regulator registered the A7A5 issuance on 19 February 2025, per the same report.
Sources: US Treasury press release sb0225 (14 August 2025), OFAC recent actions, 14 August 2025 (SDN entries), OFSI financial sanctions notice, Russia, 20 August 2025 (Old Vector LLC entry), Council of the EU, 19th sanctions package, 23 October 2025, Council Regulation (EU) 2025/2033, Article 5ba and Annex LIII (A7A5, entry into force 25 November 2025), Elliptic: EU sanctions target A7A5 ruble-backed stablecoin, SECO Swiss sanctions list (consolidated XML), entry LLC Old Vector, Global Affairs Canada: Consolidated Special Economic Measures Act sanctions list (Old Vector LLC), DFAT Australian Sanctions Consolidated List (Old Vector Limited Liability Company), Finnadzor: virtual asset market in the Kyrgyz Republic (21 July 2025), register of virtual asset issues, Akchabar: Finnadzor disclosed the real scale of the A7A5 ruble stablecoin issued in Kyrgyzstan
Old Vector issues one stablecoin on the map, A7A5, pegged 1:1 to the Russian ruble. It runs on Tron and Ethereum.
A7A5 rebases. Holder balances grow as the issuer passes on overnight interest from ruble bank deposits. Since 9 February 2026 the docs set the payout at the Central Bank of Russia key rate minus 1 percentage point. Before that, holders received half of overnight income.
A wrapped version, wA7A5, does not rebase. Its income accrues inside the wrapper contract, which suits DeFi liquidity pools. The map does not list wA7A5 separately.
Sources: A7A5 docs: What is A7A5?, A7A5 docs: wA7A5, A7A5 docs: Token Contracts
Summed by recorded day (daily for the last year, weekly before that). This chart is DeFiLlama circulating supply. The headline figure above is mostly DIA’s onchain reads, with DeFiLlama where DIA does not read, so the last point can differ from it.
Source: DeFiLlama circulating supply Updated
