---
title: "Avalon USDa (USDA) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/usda-avalon/"
description: "Build-time stablecoin profile for Avalon USDa (USDA). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-06-03"
---



# Avalon USDa (USDA)

**Peg:** US Dollar

**Backing:** Crypto-Collateralized

**Governance:** CeFi-Dependent

**Status:** active

## Overview

a self-styled BTC-backed CDP whose reserve is mostly USDT and wrapped BTC derivatives, now actively off peg and carrying an F safety grade. Avalon's USDa bills itself as Bitcoin-collateralized, but the reserve tells a different story: 45% FBTC via Cobo {{term:custody}}custody{{/term}}, 40% USDT minted 1:1, and 15% assorted BTC LSTs — meaning the majority of backing is either a centralized stablecoin or a wrapped Bitcoin derivative with its own custody chain, routed through {{term:bridge}}bridge{{/term}} infrastructure that the {{term:cdp}}CDP{{/term}} framing tends to obscure. The peg itself has failed: USDa is mid-depeg, with dozens of recorded deviations and a worst excursion deep into the thousands of basis points, so the F safety grade is less an opinion than a description of where it is trading right now. The contradiction is that the resilience scoring is genuinely respectable — the multi-billion-dollar custodial backing and HFT {{term:liquidation}}liquidation{{/term}} machinery earn it a B+ there — but resilience measures whether the machinery can recover, not whether holders are whole today, and the centralized-dependent governance keeps decentralization at D. Liquidity remains an afterthought, one of the thinnest major CDPs by secondary market depth, which means the liquidation routes meant to defend the peg may not perform when they are needed. Even the early-warning DEWS signal, calibrated for emerging stress rather than full alarm, is being outrun by an asset that is already broken on the only metric that ultimately matters.

## Collateral

FBTC (tokenized BTC, Cobo-custodied) deposited as overcollateralized CDP; USDT/USDC can be deposited 1:1 (exempt from liquidation); protocol assets held with Cobo, Fireblocks, and Coinbase Prime custody and backed by multi-billion-dollar institutional balance sheets

## Peg Mechanism

1:1 USDT convertibility (redemptions require loan repayment or conversion to USDT); overcollateralized against FBTC priced by Redstone oracle; HFT liquidation algorithm sells collateral on centralized exchanges to restore target LTV; cross-chain via LayerZero OFT

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0x8a60e489004ca22d775c5f2c657598278d17d9c2` | 18 |
| bsc | `0x9356086146be5158e98ad827e21b5cf944699894` | 18 |
| mantle | `0x075df695b8e7f4361fa7f8c1426c63f11b06e326` | 18 |
| klaytn | `0xdc3cf1961b08da169b078f7df6f26676bf6a4ff6` | 18 |
| berachain | `0xff12470a969dd362eb6595ffb44c82c959fe9acc` | 18 |
| movement | `0x48b904a97eafd065ced05168ec44638a63e1e3bcaec49699f6b8dabbd1424650` | 18 |
| nibiru | `0xf4e097e36d2064e2bdca96e60439f3a369522003` | 18 |
| sonic | `0xff12470a969dd362eb6595ffb44c82c959fe9acc` | 18 |
| taiko | `0xff12470a969dd362eb6595ffb44c82c959fe9acc` | 18 |
| sei | `0xff12470a969dd362eb6595ffb44c82c959fe9acc` | 18 |
| bitlayer | `0x91bd7f5e328aecd1024e4118ade0ccb786f55db1` | 18 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/usda-avalon.