[CLSTR]
< Back to situation

[REVISION HISTORY]

A7 launches USDT-based international payment service

Updated 1 time since CLSTR started tracking revisions of this situation.

What changed

2026-10-13 20:53 UTC → 2026-10-17 04:01 UTC · added removed

A7 Russian launches USDT-based international settlement system expansion payment service

The Russian international settlement system A7, established by Bank PSB, is preparing to launch state-owned Promsvyazbank, officially launched its ‘A7 International’ service on 13 October. The service is designed Designed to facilitate cross-border trade by allowing despite international sanctions, the service allows users to pay settle foreign counterparty invoices using USDT, while recipients the USDT stablecoin via the TRON network. Recipients receive funds through standard the conventional SWIFT bank transfers messaging network in the necessary currency. various currencies, including U.S. dollars, euros, Chinese yuan, and UAE dirhams. Targeting individuals and foreign trade operators, the service will implement platform operates with a fixed fee commission of 0.3 percent. A7, which began operations in 2024, Pyotr Fradkov, chairman of Promsvyazbank, stated that the service aims to build an independent meet market demand for fast, low-friction global payment infrastructure spanning more than 100 countries. As money transfers. This launch follows A7’s previous expansion efforts, such as the introduction of 2025, the system was responsible for processing 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 currently manages roughly 2,000 transactions daily. Zimbabwe and planned launches in Togo.

Versions

  1. 2026-10-17 04:01 UTC A7 launches USDT-based international payment service
  2. 2026-10-13 20:53 UTC A7 Russian international settlement system expansion

Only revisions since CLSTR began indexing content versions appear here. Select a version to see what changed compared to the one before it.