About 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...