USDa

USDa is a stablecoin issued by Avalon Labs and is designed to hold a value of one US dollar. It is the flagship collateralized debt position product of Avalon's CeDeFi lending platform, meaning users can lock up Bitcoin as collateral and receive USDa in return. The stated goal is to turn Bitcoin from a passive store of value into an active participant in decentralized finance by providing a stablecoin with high capital efficiency and deep liquidity.

USDa is created through a collateralized debt position mechanism on Avalon's platform, where Bitcoin serves as the underlying collateral rather than a basket of other cryptocurrencies or fiat reserves. The token is categorized within the Ethereum ecosystem, indicating it operates on or bridges to Ethereum-compatible infrastructure. No consensus algorithm or block time is recorded for USDa itself, as it is an application-layer token rather than a base-layer chain.

The data stored for USDa does not include a recorded fee stream, so fee-based measures such as protocol revenue or fee yield cannot be calculated from the figures on this page. What is known is that the circulating supply stands at approximately 97,758,338 USDA against a broader stablecoin circulating figure of 145,576,056, and that stablecoin supply has contracted by 1.645117 percent over the trailing 30 days. The fully diluted value equals the market capitalization, reflecting a ratio of 1.0, because no maximum supply cap is defined and no tokens are pending release. The 24-hour turnover ratio of 0.000011 and the 30-day average turnover of 0.001684 indicate the volume of USDa changing hands is very small relative to its market capitalization of approximately 94,542,304 USD.