Anzens USDA

USDA Price

About Anzens USDA (USDA)

Anzens USDA (USDA) is a fiat-backed stablecoin issued on the Cardano blockchain, designed to maintain a 1:1 peg with the U.S. Dollar.

• The asset is 100% backed by reserves comprising U.S. Dollars and dollar equivalents, such as government treasuries.
• It provides deep liquidity for the Cardano ecosystem, facilitating seamless transacting for decentralized finance (DeFi) and enterprise applications.
• Users can mint and burn tokens directly through the Anzens portal after completing identity verification processes.

What Is Anzens USDA

Anzens USDA is a digital representation of the U.S. Dollar built to operate within the Cardano network. As a stablecoin, its primary value proposition is providing a stable unit of account and medium of exchange that leverages blockchain technology while avoiding the volatility typical of other crypto assets.

Value moves through the system via the issuance and redemption of USDA tokens. Users deposit fiat currency into the Anzens platform, which then mints an equivalent amount of USDA to the user's wallet. Conversely, users can redeem USDA for fiat, at which point the tokens are burned. The token is primarily used as a liquidity source for decentralized exchanges and as a settlement layer for cross-border payments. This utility scales as more businesses and DeFi applications integrate USDA, increasing the demand for stable on-chain liquidity.

What Makes Anzens USDA Unique

• Native Cardano Integration: Unlike wrapped stablecoins, USDA is issued directly on Cardano, benefiting from the network's security and efficiency.
• Regulatory Compliance: Anzens Inc. is a Money Service Business (MSB) authorized entity and holds No Objection Letters from 17 U.S. states.
• Institutional Partnerships: The infrastructure is powered by EMURGO, a founding entity of Cardano, and Encryptus, which provides institutional-grade trading and compliance support.
• Frontier Market Focus: The project specifically targets emerging markets in Asia, Africa, LATAM, and the Middle East to bridge the gap between traditional finance and Web3.

What Can You Use Anzens USDA for?

Anzens USDA is pegged to the US Dollar.

• Value retention: USDA allows users to hold a digital representation of the US Dollar on-chain, which may reduce exposure to the price fluctuations of the broader cryptocurrency market.
• Yield generation: The source states that USDA is set to empower DeFi on Cardano, enabling financial products and services; however, specific native yield or sovereign debt yield options for holders are not explicitly detailed in the source beyond its use in third-party protocols.
• Cross-border settlement / value transfer: The stablecoin facilitates international money transfers with near-instant finality, allowing businesses to send digital dollars globally without the high costs associated with legacy financial rails.
• Collateralization: USDA is intended for use as a liquidity source and collateral within the Cardano DeFi ecosystem, supporting borrowing and lending activities.

How Does Anzens USDA Work?

Anzens USDA operates on the Cardano blockchain, which utilizes a Proof of Stake consensus mechanism. The stablecoin follows a traditional fiat-backed model where every token in circulation is matched by an equivalent value held in regulated reserve accounts.

To ensure stability, the system employs a minting and redemption process gated by Know Your Customer (KYC) and Know Your Business (KYB) protocols. When a verified user deposits U.S. Dollars, the Anzens platform mints USDA tokens. Redemptions reverse this process, burning the tokens and releasing the underlying fiat. As an application utility token on Cardano, USDA transactions require protocol service fees paid in the network's native asset, though it serves as the primary currency for application-level interactions.

Team Info and Investors

Anzens USDA is issued by Anzens Inc. The project's technology infrastructure is developed by EMURGO, a global blockchain company and a founding member of the Cardano network. Operational support is provided through a partnership with Encryptus, an institutional-grade trading desk and Virtual Asset Service Provider (VASP). While the source documents the collaborative involvement of these entities, it does not specify individual founders or a list of early-stage venture investors.

Where can you buy Anzens USDA?

USDA tokens can be traded on centralized crypto exchanges and decentralized exchanges. The most popular exchange to buy and trade Anzens USDA is GroveX, where the most active trading pair USDA/USDT has a trading volume of $145,730.80 in the last 24 hours. Other popular options include Minswap and WingRiders.

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

The trading volume of Anzens USDA (USDA) is $246,529.79 in the last 24 hours, representing a 19.90% 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 Anzens USDA (USDA)?

Anzens USDA (USDA) reached an all-time high of $4.85 and an all-time low of $0.5298. It’s now trading -79.30% below that peak and 89.10% above its lowest price.

What is the market cap of Anzens USDA (USDA)?

Market capitalization of Anzens USDA (USDA) is $6,761,116 and is ranked #1355 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of USDA tokens (6.8 Million tokens are tradable on the market today).

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

The fully diluted valuation (FDV) of Anzens USDA (USDA) is $6,761,116. This is a statistical representation of the maximum market cap, assuming total number of 6.8 Million ETH tokens are in circulation today.

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

With a price increase of 0.00% in the last 7 days, Anzens USDA (USDA) is outperforming the global cryptocurrency market which is down -2.20%, while outperforming when compared to similar Stablecoins cryptocurrencies which are down -0.30%.