A16z-Backed Protocol Unveils U.S. Dollar Stablecoin Passing Yield from RWA and DeFi
Summary
Angle Protocol launched a U.S. dollar-pegged stablecoin, USDA, backed by U.S. Treasury bills and DeFi lending revenue. Token holders staking USDA can earn rewards from the token's reserve assets yield and lending platform revenue, targeting at least 5% yield. Angle also plans to establish a forex hub for seamless euro-to-dollar conversion. The stablecoin will undergo beta testing soon and is not available to U.S.-based investors.
