盧布木材穩定穩定A7A5朝著成為數字資產的區域樞紐邁出了決定性的一步

吉爾吉斯斯坦（Kyrgyzstan）朝著成為數字資產的區域樞紐邁出了決定性的一步，將自己定位為中亞的開創性司法管轄區之一

Kyrgyzstan is emerging as a Central Asian hub for digital assets, setting itself apart with a clear and enforceable legal framework for virtual assets, unlike many countries where crypto regulation remains vague or fragmented.

吉爾吉斯斯坦（Kyrgyzstan）正在成為一個用於數字資產的中亞樞紐，與許多對於加密法規保持模糊或分散的國家不同，虛擬資產具有明確且可執行的法律框架。

The Ministry of Finance, the sole entity authorized to oversee the forthcoming Coin National Exchange, highlights the government’s active role in shaping the country’s crypto infrastructure, including the licensing of stablecoin issuers under the new regulatory regime.

財政部是授權監督即將到來的國民交易所的唯一實體，強調了政府在塑造該國加密基礎設施中的積極作用，包括在新的監管制度下獲得穩定的發行人的許可。

Among the early projects to launch under this framework is A7A5, a ruble-pegged stablecoin developed by local company Old Vector. Backed 1:1 by fiat reserves, A7A5 reflects the kind of regulated, yield-bearing model that Kyrgyzstan’s legislation aims to support.

在此框架下發布的早期項目中，是A7A5，這是由當地公司Old Vector開發的盧布釘stablecoin。 A7A5在菲亞特儲備的支持下為1：1，反映了吉爾吉斯斯坦立法旨在支持的那種受監管的，屈服的模式。

The external firm that conducted the audit of A7A5’s financials and reserves report is Kreston Bishkek LLC, a licensed audit organization in Kyrgyzstan and a member firm of the Kreston Global network, which operates in over 100 countries.

對A7A5財務和儲備報告進行審核的外部公司是Kreston Bishkek LLC，他是吉爾吉斯斯坦的有執照的審計組織，也是克雷斯頓全球網絡的成員公司，該公司在100多個國家 /地區運營。

In the report, Kreston Bishkek provided reasonable assurance that the A7A5 token supply was fully backed by Russian ruble reserves as of March 31, 2025, based on confirmation letters, contract reviews, and reconciliations between accounting ledgers and blockchain data.

在報告中，克雷斯頓·比什基克（Kreston Bishkek）根據確認信，合同審查以及會計分類帳和區塊鏈數據之間的和解，截至2025年3月31日，截至2025年3月31日，A7A5代幣供應得到了俄羅斯盧布儲備的完全支持。

The audit’s conclusion adds a layer of credibility to both the token and the broader framework it operates within – setting the stage for how A7A5 functions in practice, from reserve management to smart contract design and its role in the wider DeFi ecosystem.

審計的結論為代幣和更廣泛的框架增添了信譽 - 為A7A5在實踐中的運作（從儲備管理到智能合同設計及其在更廣泛的Defi生態系統中的作用）奠定了基礎。

Transparent Asset Backing

透明的資產支持

As mentioned, A7A5 is backed 1:1 by Russian rubles, which are held in banks that maintain correspondent relationships with Kyrgyz financial institutions.

如前所述，A7A5由俄羅斯盧布（Russian Ruble）支持1：1，這些盧佈在與吉爾吉斯金融機構保持通訊關係的銀行中舉行。

These deposits not only support the stablecoin’s fixed value but also earn overnight interest, allowing the underlying assets to generate yield without affecting the peg.

這些存款不僅支持Stablecoin的固定價值，而且還賺取了過夜的利息，從而使基本資產能夠產生收益而不會影響PEG。

Transparency is a core part of A7A5’s approach. Reserve balances are updated weekly on the project’s website, and full audit reports are published quarterly.

透明度是A7A5方法的核心部分。預備餘額每週在項目的網站上更新，並每季度發布完整的審計報告。

In an industry where many digital asset projects fall short on transparency, A7A5’s consistent reporting helps address a common gap and sets a higher bar for openness.

在許多數字資產項目因透明度缺乏的行業中，A7A5的一致報告有助於解決共同的差距，並為開放性設定更高的標準。

This aligns with Kyrgyzstan’s effort to build a more accountable and regulated digital asset environment. By combining clear reserve structures with regulatory oversight, A7A5 reflects how the country’s crypto policies are beginning to take shape through practical implementation, offering a working example of how stablecoins might operate under formal financial rules.

這符合吉爾吉斯斯坦（Kyrgyzstan）建立更負責任和規範的數字資產環境的努力。通過將清晰的儲備結構與監管監督相結合，A7A5反映了該國的加密政策如何通過實際實施開始形成，提供了一個有效的示例，說明了Stablecoins如何在正式的財務規則下運作。

A7A5's Yield Model and Where It Fits in DeFi

A7A5的產量模型及其適合defi的位置

One major feature of A7A5 is that it shares interest income with token holders automatically – no staking, no user action required. Daily yields are distributed directly to wallets, with 50% of the income allocated to holders and the rest retained by the issuer for operations or reserve support.

A7A5的一個主要特徵是它會自動與代幣持有人共享利息收入 - 不需要佔有，無需用戶行動。每日收益率直接分配給錢包，分配給持有人的50％，其餘由發行人保留以進行運營或儲備支持。

Users don't need to be active or technically skilled. Simply holding tokens in a supported wallet or on a participating exchange is enough to receive earnings.

用戶不需要活躍或技術熟練。僅將令牌放在受支持的錢包或參與交易所中就足以獲得收入。

By eliminating extra steps, the model lowers the entry barrier for everyday investors and simplifies access to passive income – especially for those unfamiliar with traditional DeFi platforms.

通過消除額外的步驟，該模型可以降低日常投資者的進入障礙，並簡化獲得被動收入的機會，尤其是對於那些不熟悉傳統Defi平台的人。

The stablecoin is currently available on Kyrgyzstan's licensed Meer Exchange and decentralized platforms like Uniswap and Curve DEXs, with plans to be listed on several more DeFi platforms in the near future.

該Stablecoin目前可在吉爾吉斯斯坦的許可MEER Exchange和Specentralized平台（如Uniswap和Curve Dexs）上找到，併計劃在不久的將來在幾個更多的Defi平台上列出。

Robust Technical Infrastructure and Rebase Functionality

強大的技術基礎架構和重新恢復功能

A7A5's supply adjusts automatically to reflect distributed interest income, using a rebase-style mechanism that increases all holders' balances by the same percentage. This system replaces manual reward claims with protocol-level updates tied to a global coefficient.

A7A5的供應可以自動調整以反映分佈式利息收入，該機制將所有持有人的餘額提高到相同的百分比。該系統用與全球係數相關的協議級更新取代了手動獎勵主張。

The model runs on verified smart contracts deployed on both Ethereum and Tron, written in Solidity. Token operations – including minting, burning, and pausing, are embedded in the contracts and governed by a multi-signature system to ensure platform security.

該模型運行在以太坊和TRON上的經過驗證的智能合約，以堅固的態度寫成。包括鑄造，燃燒和暫停在內的令牌操作嵌入了合同中，並由多簽名系統管轄，以確保平台安全。

By automating yield distribution and minimizing user-side interaction, A7A5 addresses common friction points in DeFi platforms, such as gas costs and manual claims, offering a smoother and more accessible experience.

通過使收益分配自動化並最大程度地減少用戶端的交互，A7A5解決了DEFI平台中的共同摩擦點，例如汽油成本和手動索賠，提供更流暢，更容易獲得的體驗。

Regulatory Compliance for Institutional Participation

機構參與的監管合規性

A7A5 adheres to all major compliance standards by incorporating Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols at both the platform and exchange levels. This regulatory alignment creates a more secure environment for institutional participants, who often face barriers when engaging with less transparent stablecoins.

A7A5通過在平台和交換級別上合併知道您的客戶（KYC）和反洗錢（AML）協議來遵守所有主要合規性標準。這種監管對準為機構參與者創造了一個更安全的環境，他們在與透明較低的穩定穩定性競爭時通常會面臨障礙。

Unlike many widely used tokens, such as Tether, A7A5 operates under a clearly defined legal framework established by Kyrgyz authorities. For investors building income-generating portfolios, this level of regulatory clarity provides reassurance and lowers operational risk.

與許多廣泛使用的令牌（例如Tether）不同，A7A5在吉爾吉斯當局確立的明確定義的法律框架下運行。對於建立創收收入投資組合的投資者而言，這種法規清晰度提供了保證並降低了運營風險。

With thorough legal oversight and up-to-date technical safeguards, A7A5 offers a more accessible path for traditional financial institutions looking to participate in the digital asset space.

通過徹底的法律監督和最新的技術保護措施，A7A5為希望參與數字資產空間的傳統金融機構提供了更容易獲得的途徑。

Conclusion

結論

The A7A5 reserves audit offers a snapshot of how regulated stablecoins are beginning to take shape within Kyrgyzstan'

A7A5儲量審核提供了一個快照，說明了吉爾吉斯斯坦''