卢布木材稳定稳定A7A5朝着成为数字资产的区域枢纽迈出了决定性的一步

吉尔吉斯斯坦（Kyrgyzstan）朝着成为数字资产的区域枢纽迈出了决定性的一步，将自己定位为中亚的开创性司法管辖区之一

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.

吉尔吉斯斯坦（Kyrgyzstan）正在成为一个用于数字资产的中亚枢纽，与许多对于加密法规保持模糊或分散的国家不同，虚拟资产具有明确且可执行的法律框架。

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.

财政部是授权监督即将到来的国民交易所的唯一实体，强调了政府在塑造该国加密基础设施中的积极作用，包括在新的监管制度下获得稳定的发行人的许可。

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.

在此框架下发布的早期项目中，是A7A5，这是由当地公司Old Vector开发的卢布钉stablecoin。 A7A5在菲亚特储备的支持下为1：1，反映了吉尔吉斯斯坦立法旨在支持的那种受监管的，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.

对A7A5财务和储备报告进行审核的外部公司是Kreston Bishkek LLC，他是吉尔吉斯斯坦的有执照的审计组织，也是克雷斯顿全球网络的成员公司，该公司在100多个国家 /地区运营。

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.

在报告中，克雷斯顿·比什基克（Kreston Bishkek）根据确认信，合同审查以及会计分类帐和区块链数据之间的和解，截至2025年3月31日，截至2025年3月31日，A7A5代币供应得到了俄罗斯卢布储备的完全支持。

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.

审计的结论为代币和更广泛的框架增添了信誉 - 为A7A5在实践中的运作（从储备管理到智能合同设计及其在更广泛的Defi生态系统中的作用）奠定了基础。

Transparent Asset Backing

透明的资产支持

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由俄罗斯卢布（Russian Ruble）支持1：1，这些卢布在与吉尔吉斯金融机构保持通讯关系的银行中举行。

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.

这些存款不仅支持Stablecoin的固定价值，而且还赚取了过夜的利息，从而使基本资产能够产生收益而不会影响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。预备余额每周在项目的网站上更新，并每季度发布完整的审计报告。

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.

在许多数字资产项目因透明度缺乏的行业中，A7A5的一致报告有助于解决共同的差距，并为开放性设定更高的标准。

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.

这符合吉尔吉斯斯坦（Kyrgyzstan）建立更负责任和规范的数字资产环境的努力。通过将清晰的储备结构与监管监督相结合，A7A5反映了该国的加密政策如何通过实际实施开始形成，提供了一个有效的示例，说明了Stablecoins如何在正式的财务规则下运作。

A7A5's Yield Model and Where It Fits in DeFi

A7A5的产量模型及其适合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的一个主要特征是它会自动与代币持有人共享利息收入 - 不需要占有，无需用户行动。每日收益率直接分配给钱包，分配给持有人的50％，其余由发行人保留以进行运营或储备支持。

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.

用户不需要活跃或技术熟练。仅将令牌放在受支持的钱包或参与交易所中就足以获得收入。

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.

通过消除额外的步骤，该模型可以降低日常投资者的进入障碍，并简化获得被动收入的机会，尤其是对于那些不熟悉传统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.

该Stablecoin目前可在吉尔吉斯斯坦的许可MEER Exchange和Specentralized平台（如Uniswap和Curve Dexs）上找到，并计划在不久的将来在几个更多的Defi平台上列出。

Robust Technical Infrastructure and Rebase Functionality

强大的技术基础架构和重新恢复功能

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的供应可以自动调整以反映分布式利息收入，该机制将所有持有人的余额提高到相同的百分比。该系统用与全球系数相关的协议级更新取代了手动奖励主张。

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.

该模型运行在以太坊和TRON上的经过验证的智能合约，以坚固的态度写成。包括铸造，燃烧和暂停在内的令牌操作嵌入了合同中，并由多签名系统管辖，以确保平台安全。

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.

通过使收益分配自动化并最大程度地减少用户端的交互，A7A5解决了DEFI平台中的共同摩擦点，例如汽油成本和手动索赔，提供更流畅，更容易获得的体验。

Regulatory Compliance for Institutional Participation

机构参与的监管合规性

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通过在平台和交换级别上合并知道您的客户（KYC）和反洗钱（AML）协议来遵守所有主要合规性标准。这种监管对准为机构参与者创造了一个更安全的环境，他们在与透明较低的稳定稳定性竞争时通常会面临障碍。

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.

与许多广泛使用的令牌（例如Tether）不同，A7A5在吉尔吉斯当局确立的明确定义的法律框架下运行。对于建立创收收入投资组合的投资者而言，这种法规清晰度提供了保证并降低了运营风险。

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.

通过彻底的法律监督和最新的技术保护措施，A7A5为希望参与数字资产空间的传统金融机构提供了更容易获得的途径。

Conclusion

结论

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

A7A5储量审核提供了一个快照，说明了吉尔吉斯斯坦''