{"id":"usda","title":"USDA","content":"**USDA** is a decentralized, over-collateralized, and yield-bearing [stablecoin](https://iq.wiki/wiki/stablecoin) pegged to the U.S. Dollar. Developed by [Angle](https://iq.wiki/wiki/angle), it is designed to maintain a 1:1 parity with the USD while providing a native yield to its holders derived from the protocol's reserve assets.  [\\[1\\]](#cite-id-2rQeecTuEL) [\\[2\\]](#cite-id-zlbMCtS9bh)\n\n$$widget0 [YOUTUBE@VID](https://youtube.com/watch?v=LKoxWCR3rW4)$$\n\n## Overview\n\nUSDA was created to function as a stable, transparent, and capital-efficient on-chain representation of the U.S. Dollar. The [stablecoin](https://iq.wiki/wiki/stablecoin) is a core component of the [Angle](https://iq.wiki/wiki/angle) ecosystem, which aims to build robust infrastructure for [decentralized finance (DeFi)](https://iq.wiki/wiki/defi). A key feature of USDA is its ability to generate a native yield for its holders. This yield is sourced from the returns generated by the portfolio of assets that back the [stablecoin](https://iq.wiki/wiki/stablecoin), combining earnings from both [DeFi](https://iq.wiki/wiki/defi) and traditional finance (TradFi) sources. [\\[1\\]](#cite-id-2rQeecTuEL) [\\[2\\]](#cite-id-zlbMCtS9bh)\n\nThe [stablecoin](https://iq.wiki/wiki/stablecoin) was also designed to work in synergy with [Angle's](https://iq.wiki/wiki/angle) other products, most notably its Euro-pegged [stablecoin](https://iq.wiki/wiki/stablecoin), EURA. By offering both a reliable on-chain dollar and euro, the protocol seeks to create highly liquid and efficient on-chain foreign exchange (forex) markets. This allows users to swap between the two currencies with minimal friction. The project positions itself as a foundational element for various [DeFi](https://iq.wiki/wiki/defi) applications, including trading, lending, borrowing, and payments, by providing a [stable](https://iq.wiki/wiki/stable) unit of account with an embedded savings rate. [\\[3\\]](#cite-id-1CcRRw3Khe)\n\n## Use Cases\n\n* **Stable Store of Value**: Users can hold USDA to avoid the price volatility associated with other cryptocurrencies.\n* **Earning Yield**: The native savings feature allows holders to earn a passive return on their [stablecoin](https://iq.wiki/wiki/stablecoin) holdings.\n* **On-Chain Foreign Exchange**: USDA can be swapped efficiently with Angle's EURA [stablecoin](https://iq.wiki/wiki/stablecoin), facilitating on-chain forex trading.\n* **Payments and Transfers**: Its [stable](https://iq.wiki/wiki/stable) value makes it suitable for paying contributors, settling transactions, and sending money internationally with low fees.\n* **DeFi Integration**: As a composable ERC-20 token, USDA can be integrated permissionlessly into other DeFi protocols for lending, borrowing, and liquidity provision. [\\[1\\]](#cite-id-2rQeecTuEL)\n\n### Ecosystem\n\n* **Primary Network**: USDA was initially launched on the [Ethereum](https://iq.wiki/wiki/ethereum) [blockchain](https://iq.wiki/wiki/blockchain), with the official contract address `0x0000206329b97DB379d5E1Bf586BbDB969C63274`.\n* **Other Networks**: The [stablecoin](https://iq.wiki/wiki/stablecoin) is supported on over 13 chains, including Layer 2 solutions like [Base](https://iq.wiki/wiki/base) and [Optimism](https://iq.wiki/wiki/optimism), as well as other [Layer 1](https://iq.wiki/wiki/layer-1) [blockchains](https://iq.wiki/wiki/blockchain) such as [BNB Smart Chain](https://iq.wiki/wiki/binance-bridged-usdc-bnb-smart-chain) and [Cardano](https://iq.wiki/wiki/cardano-ada). This multi-chain [strategy](https://iq.wiki/wiki/strategy) allows users to interact with USDA in different [DeFi](https://iq.wiki/wiki/defi) ecosystems while taking advantage of lower transaction fees. [\\[2\\]](#cite-id-zlbMCtS9bh) [\\[1\\]](#cite-id-2rQeecTuEL)\n\n### Trading and Liquidity\n\n* **Uniswap**: The most active market for USDA is on [Uniswap](https://iq.wiki/wiki/uniswap) v3 on the [Ethereum](https://iq.wiki/wiki/ethereum) network, particularly the USDA/EURA trading pair, which accounts for a significant portion of its daily volume.\n* **Other DEXs**: The [stablecoin](https://iq.wiki/wiki/stablecoin) is also traded on other prominent [DEXs](https://iq.wiki/wiki/decentralized-exchange), including [Aerodrome Finance](https://iq.wiki/wiki/aerodrome-finance) on [Base](https://iq.wiki/wiki/base) (USDA/[USDC](https://iq.wiki/wiki/usdc) pair) and [Velodrome Finance](https://iq.wiki/wiki/velodrome-finance) v2 on [Optimism](https://iq.wiki/wiki/optimism) (USDA/[USDC](https://iq.wiki/wiki/usdc) pair). It is also listed on [PancakeSwap](https://iq.wiki/wiki/pancakeswap) (BSC) and Minswap ([Cardano](https://iq.wiki/wiki/cardano-ada)).\n* **Centralized Exchanges**: USDA is listed on the [centralized exchange](https://iq.wiki/wiki/cex-centralized-exchange) IndoEx, though its volume on [CEXs](https://iq.wiki/wiki/cex-centralized-exchange) is generally lower than on [DEXs](https://iq.wiki/wiki/decentralized-exchange). [\\[2\\]](#cite-id-zlbMCtS9bh)\n\n## Tokenomics\n\nThe tokenomics of USDA are designed to reflect its function as a [stablecoin](https://iq.wiki/wiki/stablecoin), with its supply expanding and contracting based on user demand for [minting](https://iq.wiki/wiki/minting) and redemption. The total and circulating supply of USDA is dynamic. As of late 2025, the total supply was reported to be approximately 30,031,636 USDA, with a corresponding [market capitalization](https://iq.wiki/wiki/market-capitalization) of around $30.05 million. The entire supply is considered to be in circulation.  [\\[2\\]](#cite-id-zlbMCtS9bh)\n\n## Governance\n\nThe governance and security of the [Angle](https://iq.wiki/wiki/angle) Protocol are managed through a combination of on-chain mechanisms, specialized committees, and external audits.\n\n* **Security Audits**: The smart contracts for the [Angle](https://iq.wiki/wiki/angle) Protocol, including those governing USDA, are described as having undergone multiple security audits to identify and mitigate potential vulnerabilities.\n* **Asset Liability Management Committee**: A key component of the protocol's risk management framework is the Asset Liability Management Committee. This body, stated to be led by experts in [reserve](https://iq.wiki/wiki/reserve) management, is responsible for overseeing the composition of the protocol's reserves, assessing risks, and setting investment strategies for the [collateral](https://iq.wiki/wiki/collateral) backing USDA. This governance structure blends elements of traditional financial risk management with decentralized operations.\n* **Development Team**: The protocol is developed and maintained by [Angle](https://iq.wiki/wiki/angle) Labs Inc., the core entity responsible for its ongoing research and development. [\\[1\\]](#cite-id-2rQeecTuEL)","summary":"USDA is a decentralized, yield-bearing stablecoin pegged to the U.S. Dollar, developed by Angle Protocol. It is over-collateralized and designed to offer holder...","images":[{"id":"QmXbpvQEaKq2Quq2nuD2JLnu2V5oCcLcJo8EVnzon9GfUG","type":"image/jpeg, image/png"}],"categories":[{"id":"cryptocurrencies","title":"Cryptocurrencies"}],"tags":[{"id":"Ethereum"},{"id":"Protocols"},{"id":"Stablecoins"},{"id":"Developers"},{"id":"Organizations"}],"media":[{"id":"https://www.youtube.com/watch?v=LKoxWCR3rW4","size":null,"name":"LKoxWCR3rW4","type":null,"source":"YOUTUBE"}],"metadata":[{"id":"references","value":"[{\"id\":\"2rQeecTuEL\",\"description\":\"Angle Website: USDA\",\"timestamp\":1761827174011,\"url\":\"https://www.angle.money/usda\"},{\"id\":\"zlbMCtS9bh\",\"description\":\"CoinMarketCap: USDA\",\"timestamp\":1761827183844,\"url\":\"https://coinmarketcap.com/currencies/usda-stablecoin/\"},{\"id\":\"1CcRRw3Khe\",\"description\":\"Introducing USDA: Angle’s USD Stablecoin\",\"timestamp\":1761827232616,\"url\":\"https://www.youtube.com/watch?v=LKoxWCR3rW4\"},{\"id\":\"event-reached-all-time-high-price-link\",\"description\":\"Event link\",\"url\":\"https://coinmarketcap.com/currencies/usda-stablecoin/\",\"timestamp\":1761826550910},{\"id\":\"event-reached-all-time-low-price-link\",\"description\":\"Event link\",\"url\":\"https://coinmarketcap.com/currencies/usda-stablecoin/\",\"timestamp\":1761826550910}]"},{"id":"website","value":"https://www.angle.money/usda"},{"id":"twitter_profile","value":"https://twitter.com/AngleProtocol"},{"id":"discord_profile","value":"https://discord.gg/24gkhK56nK"},{"id":"github_profile","value":"https://github.com/AngleProtocol/angle-core/blob/main/contracts/agToken/AgToken.sol"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/usda-stablecoin/"},{"id":"references","value":"[{\"id\":\"2rQeecTuEL\",\"description\":\"Angle Website: USDA\",\"timestamp\":1761827174011,\"url\":\"https://www.angle.money/usda\"},{\"id\":\"zlbMCtS9bh\",\"description\":\"CoinMarketCap: USDA\",\"timestamp\":1761827183844,\"url\":\"https://coinmarketcap.com/currencies/usda-stablecoin/\"},{\"id\":\"1CcRRw3Khe\",\"description\":\"Introducing USDA: Angle’s USD Stablecoin\",\"timestamp\":1761827232616,\"url\":\"https://www.youtube.com/watch?v=LKoxWCR3rW4\"},{\"id\":\"event-reached-all-time-high-price-link\",\"description\":\"Event link\",\"url\":\"https://coinmarketcap.com/currencies/usda-stablecoin/\",\"timestamp\":1761826550910},{\"id\":\"event-reached-all-time-low-price-link\",\"description\":\"Event link\",\"url\":\"https://coinmarketcap.com/currencies/usda-stablecoin/\",\"timestamp\":1761826550910}]"},{"id":"website","value":"https://angle.money"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/usda-2"},{"id":"optimistic-etherscan","value":"https://optimistic.etherscan.io/token/0x0000206329b97DB379d5E1Bf586BbDB969C63274"},{"id":"base","value":"https://basescan.org/token/0x0000206329b97DB379d5E1Bf586BbDB969C63274"},{"id":"etherscan","value":"https://etherscan.io/address/0x0000206329b97DB379d5E1Bf586BbDB969C63274"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmeFmhWAsQZhKJorCTynjoeRqpBPY7zXrJPJeK4y3EZSf5\""},{"id":"commit-message","value":"\"Fixed date formats and various IDs\""},{"id":"previous_cid","value":"QmeFmhWAsQZhKJorCTynjoeRqpBPY7zXrJPJeK4y3EZSf5"}],"events":[{"id":"71146a78-8f96-40f0-a3e2-abce8bce72bd","date":"2024-03-01","title":"USDA Announced","type":"CREATED","description":"Angle Protocol announced the launch of its USD-pegged stablecoin, USDA, through an introductory video on its official YouTube channel.","link":"https://www.youtube.com/watch?v=LKoxWCR3rW4","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"3d9ba6c9-bd38-4e09-9ff6-118f625fcd40","date":"2025-08-01","title":"Reached All-Time High Price","type":"DEFAULT","description":"USDA reached its all-time high price of $1.02, as recorded by CoinMarketCap.","link":"https://coinmarketcap.com/currencies/usda-stablecoin/","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"7b32360c-e958-439a-ab1a-56349145d484","date":"2025-09-01","title":"Reached All-Time Low Price","type":"DEFAULT","description":"USDA reached its all-time low price of $0.9315, as recorded by CoinMarketCap.","link":"https://coinmarketcap.com/currencies/usda-stablecoin/","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8AF7a19a26d8FBC48dEfB35AEfb15Ec8c407f889"},"operator":{"id":"0x1E23b34d3106F0C1c74D17f2Cd0F65cdb039b138"},"language":"en","version":1,"linkedWikis":{"blockchains":["ethereum","optimism"],"founders":[],"speakers":[]},"recentActivity":"{\"items\":[{\"id\":\"9af99529-61a3-4de1-9b2e-d95ebc5a017e\",\"title\":\"USDA\",\"description\":\"USDA is a decentralized, yield-bearing stablecoin pegged to the U.S. Dollar, developed by Angle Protocol. It is over-collateralized and designed to offer holder...\",\"timestamp\":\"2025-11-23T23:17:23.003Z\",\"category\":\"Wiki Update\",\"status\":{\"icon\":\"RiGlobalLine\",\"label\":\"Wiki Updated\",\"iconClassName\":\"text-green-500\"},\"user\":{\"name\":\"0x8AF7a19a26d8FBC48dEfB35AEfb15Ec8c407f889\",\"address\":\"0x1E23b34d3106F0C1c74D17f2Cd0F65cdb039b138\"},\"button\":{\"label\":\"View Summary\",\"icon\":\"RiFileTextLine\"},\"summarySections\":[{\"title\":\"Title\",\"subtitle\":\"The capitalization of the title was updated.\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Changed title from \\\"cryptocurrencies\\\" to \\\"Cryptocurrencies\\\"\"]},{\"title\":\"Summary\",\"subtitle\":\"The summary text was truncated.\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Updated summary text from \\\"USDA is a decentralized, yield-bearing stablecoin pegged to the U.S. Dollar, developed by Angle Protocol. It is over-collateralized and designed to offer holders a native yield generated from the protocol's reserves on multiple blockchains.\\\" to \\\"USDA is a decentralized, yield-bearing stablecoin pegged to the U.S. Dollar, developed by Angle Protocol. It is over-collateralized and designed to offer holder...\\\"\"]},{\"title\":\"Tags\",\"subtitle\":\"The order of the tags was changed.\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Reordered tags from \\\"Stablecoins, Developers, Ethereum, Protocols\\\" to \\\"Ethereum, Protocols, Stablecoins, Developers\\\"\"]},{\"title\":\"Images\",\"subtitle\":\"An image ID was updated.\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Changed image ID from 'Qmdhq4RBknPZh9dAPHqE5HpxJw3P15AJhg7pNGBwRnHb7L' to 'QmXbpvQEaKq2Quq2nuD2JLnu2V5oCcLcJo8EVnzon9GfUG'\"]},{\"title\":\"Videos\",\"subtitle\":\"A video item was updated, removing the thumbnail and other fields.\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Removed thumbnail 'https://www.youtube.com/watch?v=LKoxWCR3rW4' from a video item\"]},{\"title\":\"Events\",\"subtitle\":\"The date format for multiple events was updated.\",\"variant\":\"modified\",\"changeCount\":3,\"changes\":[\"Updated event date from \\\"2024-03\\\" to \\\"2024-03-01\\\"\",\"Updated event date from \\\"2025-08\\\" to \\\"2025-08-01\\\"\",\"Updated event date from \\\"2025-09\\\" to \\\"2025-09-01\\\"\"]},{\"title\":\"Links\",\"subtitle\":\"The links were updated with additions, removals, and modifications.\",\"variant\":\"modified\",\"changeCount\":4,\"changes\":[\"Removed link with ID 'contract_url' and value 'https://etherscan.io/address/0x0000206329b97DB379d5E1Bf586BbDB969C63274'\",\"Removed link with ID 'contract_url' and value 'https://app.nansen.ai/token-god-mode?chain=ethereum&tab=transactions&tokenAddress=0x0000206329b97DB379d5E1Bf586BbDB969C63274'\",\"Modified link ID from 'optimistic-etherscan' to 'base'\",\"Added link with ID 'etherscan' and value 'https://etherscan.io/address/0x0000206329b97DB379d5E1Bf586BbDB969C63274'\"]},{\"title\":\"Metadata\",\"subtitle\":\"Metadata items were added and removed.\",\"variant\":\"modified\",\"changeCount\":3,\"changes\":[\"Removed metadata item with an ID of 'contract_url'\",\"Added metadata item 'words-changed' with value '8'\",\"Added metadata item 'percent-changed' with value '1.18'\"]}]}]}"}