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Argo USD

Argo USDUSDA Price

USDA Price

N/A

General Info

Contracts/Explorers:

Aptos

0x100...:USDA
Explorers

Tags (Sub-Categories):

# Inactive

Description

USDA is a USD stablecoin on Aptos fully-backed by high-quality assets

Argo USD (USDA) Chart

The Argo USD to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

Argo USD Price Analysis

Trending Argo USD Fiat Pairs
Argo USD
€
Argo USD to EUR
1 USDA equals to N/A
Argo USD
₽
Argo USD to RUB
1 USDA equals to N/A
Argo USD
₩
Argo USD to KRW
1 USDA equals to N/A
Argo USD
CN¥
Argo USD to CNY
1 USDA equals to N/A
Argo USD
₹
Argo USD to INR
1 USDA equals to N/A
Argo USD
Rp
Argo USD to IDR
1 USDA equals to N/A
Argo USD
£
Argo USD to GBP
1 USDA equals to N/A
Argo USD
¥
Argo USD to JPY
1 USDA equals to N/A
Argo USD
₫
Argo USD to VND
1 USDA equals to N/A
Argo USD
CA$
Argo USD to CAD
1 USDA equals to N/A

What is Argo USD (USDA)?

USDA is a dollar-pegged stablecoin over-collateralized by yield-earning tokens deposited into Argo. USDA is valued at $1.00 when used for borrowing and repaying on Argo. USDA can be used like any other stablecoin. When a user opens a vault and borrows, USDA gets minted and sent to the user's wallet. Argo then charges an interest rate on USDA debt, based on the type of yield-earning asset engine. When USDA debt is repaid, the initial loan amount of USDA is burned, and the accrued interest is paid to the protocol treasury.

Argo is a lending protocol on Aptos that lets users collateral for minting and borrowing a dollar-pegged stablecoin USDA. Argo unlocks liquidity for otherwise idle assets deployed in the Aptos ecosystem, and is currently live on mainnet.

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