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3 clusters · 15 sources · 4 days · First seen · Last updated

A7 launches USDT-based international payment service

Overview

The Russian international settlement system A7, established by state-owned Promsvyazbank, officially launched its ‘A7 International’ service on 13 October. Designed to facilitate cross-border trade despite international sanctions, the service allows users to settle foreign invoices using the USDT stablecoin via the TRON network. Recipients receive funds through the conventional SWIFT messaging network in various currencies, including U.S. dollars, euros, Chinese yuan, and UAE dirhams.

Targeting individuals and foreign trade operators, the platform operates with a fixed commission of 0.3 percent. Pyotr Fradkov, chairman of Promsvyazbank, stated that the service aims to meet market demand for fast, low-friction global money transfers.

This launch follows A7’s previous expansion efforts, such as the introduction of the A7A5 cryptocurrency in Kyrgyzstan, a stablecoin pegged to the Russian ruble. The system, which processed approximately 19 percent of Russian companies’ cross-border trade settlements in 2025, is now seeking to expand its international footprint into Africa, with existing operations in Nigeria and Zimbabwe and planned launches in Togo.

Entities

A7 · Ilan Shor · Bank PSB · Pyotr Fradkov · Promsvyazbank

Timeline

  1. [BUSINESS] 2 sources
    A7 launches crypto-to-bank international payment service

    Russian fintech A7 has launched A7 International, a service enabling cross-border payments using USDT stablecoins and the SWIFT network to bypass traditional financial restrictions.

  2. [BUSINESS] 2 sources
    Bybit and A7 announce expansions in trading and international payments

    Bybit expands into U.S. stock trading via USDC, while A7 launches a USDT-based international payment service for foreign invoices.

  3. [BUSINESS] 11 sources
    A7 to launch USDT-based international payment service

    A7, a settlement system created by Bank PSB, will launch A7 International, a service allowing USDT-based payments to be delivered via standard SWIFT transfers.

Sources

anlatilaninotesi.com.tr · blockchainreporter.net · blocktelegraph.io · chainwire.org · coincu.com · coinworldstory.com · cryptonewsland.com · en.bitcoinsistemi.com · hackernoon.com · investingcube.com · news.yam.md · rt.com · sgtreport.com · sputnikglobe.com · zycrypto.com

This summary has been updated 1 time: see revision history