USDA

USDA Price

About USDA (USDA)

USDA is a US Dollar denominated stablecoin issued by Brale on the Canton Network, specifically designed to provide a secure and programmable cash settlement layer for institutional financial markets.

• Institutional Settlement Asset: Serves as a primary vehicle for the atomic settlement of tokenized real world assets, including bonds, loans, and repos.
• Native Privacy Features: Inherits the sub-transaction privacy model of the Canton Network, ensuring that transaction details are only visible to authorized participants.
• Regulated Issuance: Issued by Brale, a regulated infrastructure provider that maintains monthly reserve attestations by independent CPAs and operates under US jurisdiction licenses.

What Is USDA

USDA is a digital representation of the US Dollar that operates as a native stablecoin on the Canton Network. It was developed to bridge the gap between traditional financial systems and decentralized ledger technology by providing a reliable, 1:1 backed asset for high-value transactions. The token is built using the Canton Token Standard (CIP-56), which ensures immediate composability across various applications, wallets, and venues within the ecosystem.

Value moves through the USDA system through a process of issuance and redemption managed by Brale. When institutions deposit fiat currency, an equivalent amount of USDA is minted and distributed to their designated wallets on the Canton Network. Conversely, when users wish to exit the ecosystem, the USDA is burned, and the corresponding fiat value is returned. This mechanism allows the token to scale alongside the growth of the Canton ecosystem, providing the necessary liquidity for increasingly complex financial workflows.

What Makes USDA Unique

• Granular Privacy Controls: Unlike public stablecoins where all transaction history is visible on-chain, USDA utilizes the Canton Network's privacy architecture to hide balances and counterparty identities from unauthorized third parties.
• Atomic Multi-Application Settlement: The asset enables atomic settlement—a process where multiple steps of a transaction occur simultaneously or not at all—across independent applications on the network.
• Financial Market Optimization: USDA is specifically optimized for financial market infrastructure (FMI) use cases, rather than retail retail payments, focusing on regulatory compliance and institutional-grade security.
• Standardized Composability: By adhering to the CIP-56 standard, USDA can be integrated into any application built on the Canton Network without requiring custom bridge or wrapper infrastructure.

What Can You Use USDA for?

As a stablecoin pegged to the US Dollar, USDA is used for the following primary purposes:

1. Value retention: USDA allows institutions to hold a digital, on-chain representation of the US Dollar, reducing exposure to the volatility typically associated with the broader cryptocurrency market while maintaining assets in a 24/7 programmable environment.
2. Yield generation: The source does not specify native yield options for USDA, though it may be utilized within decentralized lending or liquidity provisioning protocols on the Canton Network where supported.
3. Cross-border settlement / value transfer: USDA is used for international B2B payments, payroll, and corporate treasury operations, enabling the frictionless transfer of US Dollar value across borders with near-instant finality.
4. Collateralization: The asset is designed to serve as high-quality collateral for borrowing and lending protocols or as margin for derivatives trading within the institutional applications of the ecosystem.

How Does USDA Work?

USDA operates on the Canton Network, a Layer 1 blockchain that uses a decentralized synchronization service known as the Global Synchronizer to maintain network integrity. The token follows the CIP-56 standard, which allows it to function as a smart contract-based instrument that can be programmed for specific financial logic.

When a transaction occurs, the network ensures sub-transaction privacy, meaning only the sender, receiver, and relevant registrars can view the contents of the transfer. This is critical for regulated financial institutions that must protect sensitive trade data. While the Canton Network handles the technical execution and security of the ledger, USDA itself does not have a native fee-paying role; instead, network participants interact with the Global Synchronizer to manage the synchronization of transactions. This ensures that USDA remains a pure settlement asset without the complexities of variable costs affecting its core value proposition.

Team Info and Investors

USDA is issued by Brale, a stablecoin infrastructure company led by a team with background in fintech and regulated money movement. Brale is a registered Money Services Business (MSB) and is SOC 2 Type II certified, emphasizing its focus on security and compliance. The project operates within the Canton Network ecosystem, which includes a consortium of global financial market infrastructures, banks, and asset managers. While specific early-stage venture backing for the USDA token itself is not disclosed in available sources, the project is supported by the broader institutional participation of the Canton Network's validator and operator community.

Where can you buy USDA?

USDA tokens have stopped trading - ago on all exchanges listed on CoinGecko. Information will be updated if market activity resumes.

What is the daily trading volume of USDA (USDA)?

The trading volume of USDA (USDA) is $1,244.94 in the last 24 hours, representing a 0.00% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for USDA (USDA)?

USDA (USDA) reached an all-time high of $1.17 and an all-time low of $0.9260. It’s now trading -14.70% below that peak and 8.00% above its lowest price.

What is the market cap of USDA (USDA)?

Market capitalization of USDA (USDA) is $9,996,826 and is ranked #- on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of USDA tokens (10 Million tokens are tradable on the market today).

What is the fully diluted valuation of USDA (USDA)?

The fully diluted valuation (FDV) of USDA (USDA) is $9,996,826. This is a statistical representation of the maximum market cap, assuming total number of 10 Million ETH tokens are in circulation today.

How does the price performance of USDA compare against its peers?

With a price increase of 0.00% in the last 7 days, USDA (USDA) is outperforming the global cryptocurrency market which is down -2.40%, while underperforming when compared to similar Stablecoins cryptocurrencies which are up 2.50%.