Argo's USDA: Over-collateralized, dollar-pegged stablecoin for lending on Aptos.
USDA, Argo's over-collateralized stablecoin on Aptos, is pegged to $1 and used for borrowing/lending with yield-earning tokens.
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What is Argo USD (USDA)?
USDA is a stablecoin, pegged to the US dollar, that is backed by more assets than its total value. These assets, deposited into Argo, generate yield. Within the Argo lending platform, USDA maintains a value of $1.00 for borrowing and repayment purposes. Functionally, USDA can be used like any standard stablecoin. When a user creates a vault and borrows, new USDA tokens are created and transferred to their wallet. Argo charges interest on USDA loans, with the rate determined by the type of yield-generating asset backing the loan. Repaying USDA debt involves burning the original loan amount and directing the accumulated interest to the protocol's treasury. Argo is a lending protocol built on Aptos, allowing users to use their assets as collateral to mint and borrow USDA, a stablecoin design...
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Argo USD price live information
As of now, Argo USD is trading at 0.891445 USD, with a 24-hour trading volume of approximately 0 USD. The USDA to USD price is updated in real time. Over the past 24 hours, Argo USD has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 0 USD. Currently, there are 249 983 318 USDA in circulation out of a maximum supply of 0 USDA.
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