USDA Launches New Stablecoin Backed by US Treasuries, Promises Minimum 5% Yield to Holders

Angle protocol unveils new USDA stablecoin backed by US Treasury bills, tokenized T-bills to provide yield to holders
USDA aims to share yield from reserve assets and DeFi lending revenue, targeting minimum 5% yield
Enters increasingly competitive yield-bearing stablecoin market alongside entrants like Mountain USD
Seeks to establish seamless, no-fee blockchain forex between dollar and euro pegged tokens
USDC conversion to bootstrap liquidity; beta testing soon before April launch, not available to US investors