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1/ We are thrilled to introduce USDA, Angle's USD stablecoin! 🇺🇸 USDA will offer: - a Savings solution 💰 - the same liquidity as USDC 💧 - anti-depeg mechanisms 🛡️ - borrow/leverage features 📈 Paired with EURA, USDA will boost onchain forex trading! All you need to know🧵👇🏼

209,022 views • 2 years ago •via X (Twitter)

13 Comments

Angle 📐's profile picture
Angle 📐2 years ago

2/ An integrated savings solution 💰 USDA will allow its holders to earn a yield! The yield will come from RWAs & DeFi assets in USDA’s backing and interests paid by USDA borrowers. This yield will be allocated to USDA holders who stake in Angle’s Savings solution—stUSD.

Angle 📐's profile picture
Angle 📐2 years ago

3/ The same liquidity as USDC 💧 Minting USDA will be as simple as a swap, without any KYC requirements, fees, or slippage. USDA will offer the same liquidity as USDC. Users will be able to swap from USDC to USDA, and vice versa, instantly!

Angle 📐's profile picture
Angle 📐2 years ago

4/ Anti-depeg mechanisms🛡️ USDA’s design will rely on Angle's Price Stability Module designed to withstand adverse market conditions. This risk management framework draws upon 3y of R&D on EURA and insights gained from last stablecoin depeg incidents like USDC in March 2023.

Angle 📐's profile picture
Angle 📐2 years ago

5/ Black swan event resilience 🦢 USDA and stUSD holders will be able to redeem their stablecoins for any of the collateral assets in the event of a black swan impacting one of the tokens used in USDA’s backing. A significant milestone in stablecoin design innovation!

Angle 📐's profile picture
Angle 📐2 years ago

6/ Borrow & leverage 📈 Users will be able to borrow USDA and get leverage on Morpho Blue 🦋 LSTs and LRTs will be the primary assets to borrow from USDA. USDA will also feature Metamorpho vaults to lend USDA.

Angle 📐's profile picture
Angle 📐2 years ago

7/ A battle-tested infrastructure ⚔️ USDA design will leverage the same mechanisms that has been built for EURA which has been in production for over two years and undergone multiple audit and bug bounty programs.

Angle 📐's profile picture
Angle 📐2 years ago

8/ Transparency 🔍 Everything will run on smart contracts and will be fully visible onchain. As with EURA (formerly agEUR), users will be able to track collateral reserves behind each USDA in real-time by checking the open Balance Sheet of the Protocol on Angle website.

Angle 📐's profile picture
Angle 📐2 years ago

9/ USDA draws heavily from what made EURA, its big brother, successful. So what’s new?

Angle 📐's profile picture
Angle 📐2 years ago

10/ Institutional-grade reserve management 🆕 Many stablecoins have failed to maintain their peg due to nonexistent asset liability management. Thus, @Steakhouse, will provide guidance to Angle Protocol, ensuring institutional-grade reserve management!

Angle 📐's profile picture
Angle 📐2 years ago

11/ Boosting onchain forex trading 🆕 The launch of USDA will pave the way to establish an onchain Forex Hub. With EURA and USDA, Angle Protocol will be able to offer onchain trades at true forex rates between its two stablecoins, but also any Euro and U.S. Dollar stablecoins.

Angle 📐's profile picture
Angle 📐2 years ago

12/ Built with the best 💪🏼 The launch of USDA is a team effort: @LayerZero_Labs @MorphoLabs @Eigenpiexyz_io @kelporg @pendle_fi @odosprotocol @ether_fi @BackedFi @redstone_defi @SteakhouseFi @1inch We will share more details on the role of each of them soon!

Angle 📐's profile picture
Angle 📐2 years ago

13/ When? USDA will enter a private beta phase in the coming days, pending a governance vote. USDA will be more broadly available in April 2024. Want to participate in the beta and get early access? Post your Ethereum address in comment👇🏼

Angle 📐's profile picture
Angle 📐2 years ago

14/ Learn more about USDA at:

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