USDa
USDA Rank —Price chart
What is USDa?
Collateralized borrowing
Avalon Labs introduced USDa in November 2024. The product uses Avalon's CeDeFi credit infrastructure. Its documented collateral options include FBTC, a Bitcoin-backed token. The permitted USDa loan depends on the collateral's loan-to-value parameters. Borrowers pay interest and can repay part or all of their debt. Withdrawing all collateral requires repayment of the principal and accrued interest.
Conversion and liquidation
Depositing USDT provides a separate one-to-one minting route. USDa-to-USDT conversion uses a vault on Ethereum mainnet. Avalon's documented process allows the resulting USDT to be claimed within one business day. Collateral withdrawals must leave the remaining position within its required loan-to-value limits. If a position exceeds its liquidation threshold, part of its collateral is sold to restore the target ratio. Liquidations use Avalon's centralized-exchange execution infrastructure.
Savings wrapper
Holders can deposit USDa into the savings product to receive sUSDa. Its yield is funded by borrowing income and USDa lending revenue. The documented direct unstaking process has a seven-day cooldown. Secondary liquidity provides another way to exchange the savings token. USDa issuance is linked to deposits and credit positions, while sUSDa represents the separate savings exposure.
Where to trade USDA
Exchanges that list this asset
Live spot quotes from connected exchanges
USDA funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.