USDA wallet

Not all stablecoins are created equal; they vary in characteristics such as centralization, backing, yield, and more. USDA by Angle Protocol stands out as a complete and reliable dollar stablecoin, supported by a robust and innovative Price Stability Module. USDA is decentralized and transparent, enabling anyone to verify its reserves in real time. Furthermore, USDA generates yield for its users and facilitates competitive pricing when exchanging USD for Euro on-chain.

USDA is liquid and easily accessible. It’s available on 10 blockchains including Ethereum, Arbitrum, Optimism, and Base. Users can buy USDA by swapping their assets on 1inch or ParaSwap within Ledger Live.

Stablecoins are supported by a reserve of assets. It ensures that every issued stablecoin is backed by a pool of assets of corresponding value. Stablecoins can be backed in various way. The reserves can include fiat currency such as the U.S. dollar, and cryptocurrencies such as ETH, but also real-world assets (RWAs).
In Decentralized Finance (DeFi), Real-World Assets (RWAs) involve turning physical and financial assets — real estate, precious metals, stocks, bonds, and financial derivatives — into digital and tradable formats on the blockchain through asset tokenization.
Integrating RWAs into the backing of stablecoins, as is the case with USDA, offers several benefits: transparency (RWAs are tokens on the blockchain with verifiable ownership), stability, and diversification (RWAs typically exhibit lower volatility compared to other cryptocurrencies in the backing), and yield (RWAs with fixed-income such as corporate and government bonds accumulate value in line with the underlying asset).

Angle Protocol is a DeFi Protocol specializing in building resilient stablecoin infrastructures. The Protocol’s main products are USDA, a complete Dollar stablecoin, and EURA (formerly agEUR), the most traded Euro stablecoin. Known for its innovative stablecoin mechanisms and reliability, Angle is ranked among the safest DeFi protocols on DeFiSafety. Backed by Andreessen Horowitz (a16z), Angle operates as a Decentralized Autonomous Organization (DAO), ensuring community-driven governance with its veANGLE token used for voting governance proposals. Angle Labs, the main contributor to Angle Protocol, also powers Merkl, a platform enabling foundations, DAOs, and protocols such as Arbitrum, Uniswap, or Aave to create tailored and efficient on-chain incentive programs to optimize their liquidity and growth.

When you first buy token, you’re issued with two keys: public and private.

• A public key serves as an address that can be shared with other parties to perform transactions.
• A private key represents a randomly generated number that signs transactions and protects your assets from malicious attacks. If it gets compromised or lost, you won’t be able to access your hardware wallet to spend, withdraw, or transfer your cryptos.

To safeguard and keep track of your keys, you can use online or offline wallets. Online wallets, also known as hot wallets, store private keys on systems or devices that are connected to the internet. Hot wallets are easy and convenient to use, however, they come with several drawbacks. Besides being susceptible to attacks and a honeypot for hackers, with hot wallets, the custody of private keys is often entrusted to a third party such as a crypto exchange, which means you never have full control over your funds. The safer choice is specialized hardware wallets that store private keys offline. Stealing private keys from a hardware wallet would require physical access to the wallet and the corresponding PIN or the recovery phrase. What’s more, with a hardware wallet, you don’t need to rely on third-party custodians.

Ledger Nano is the industry-leading hardware wallet. With more than five million customers, Ledger Nano wallets have several layers of security that protect private keys, and hence your assets:

• Your private keys are stored on secure element chips.
• A PIN code and a 24-word recovery phrase are required to access the wallet.
• Ledger Nano crypto wallets have been built using highly durable materials for protection against physical damage.

With full isolation between private keys and your computer/mobile, Ledger Nano hardware wallets keep your keys secure and give you complete control over your assets.