ChainCatcher report: A7 International, an international settlement system created by Bank PSB, will be launched on October 13. The service is primarily designed for foreign trade operators but is also available to individuals, with a fixed transaction fee of 0.3%. A7 International enables users to pay invoices in foreign currencies using USDT, with funds then transferred via standard SWIFT bank transfers in the required currency. Petr Fradkov, Chairman of PJSC Bank PSB, and Ilan Shor, CEO of A7, will introduce the product on October 13 at 13:13. A7 states that it specializes in international trade payments and settlements; founded in 2024 with the participation of PSB Bank, it is currently building payment infrastructure in over 100 countries. Its offerings include international payments, digital financial assets, and promissory notes, serving 15,000 clients and processing approximately 2,000 transactions daily. In 2025, approximately 19% of Russian companies’ cross-border trade settlements were processed through A7, and in October of the same year, it received an AA(RU) credit rating with a stable outlook from ACRA.
Russian Settlement System A7 Launches USDT Cross-Border Payment Service
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Summary
A7 International, a cross-border payment service from Russia’s A7 settlement system, launched on October 13. The service targets foreign trade operators and individuals, charging a fixed fee of 0.3%. Users can pay in USDT, with funds converted and transferred via SWIFT. Launched in 2024 under PSB Bank, it operates in over 100 countries, serving 15,000 clients and processing 2,000 daily transactions. By 2025, A7 is expected to account for 19% of Russian cross-border trade and received an AA(RU) rating from ACRA in October 2025. This on-chain development highlights a new player in the crypto space.
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