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About USDA
Analysis of 5 Jun 2026USDA is a fully reserved, Cardano-native USD stablecoin issued by Anzens Inc., a financial services company backed by EMURGO, one of the founding entities of Cardano. It maintains a 1:1 peg with the US dollar, with reserves held in cash and US government treasuries custodied by BitGo Trust, a qualified institutional custodian.
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As of June 5, 2026, USDA trades near $0.988 with about $84M market cap and $690K daily volume, down sharply from the roughly $220M circulation cited in March. The lower liquidity base matters because late-2025 coverage of a large ADA-USDA pool mistake highlighted slippage risk in illiquid Cardano pools.
Anzens remains registered as a Money Services Business under FinCEN and offers fiat on-ramps and off-ramps in over 80 countries.
