What is USDA?
USDA is a fiat-backed stablecoin designed to maintain a value of 1.00 USD. Each USDA in circulation is backed by an equivalent amount of US dollar or USD-denominated assets held in reserve at regulated US financial institutions. USDA is issued by Brale Inc., a US-regulated stablecoin issuer, and is available exclusively on Canton Network for use across Temple's trading venues.
How USDA Works
Issuer. Brale Inc., a US-regulated money transmitter, issues and redeems USDA and oversees the reserves backing it. Temple is the program partner and brand owner.
Network. USDA is native to Canton Network. It is not issued or supported on any other chain.
Peg. Each USDA is intended to maintain a value of 1.00 USD, backed 1:1 by USD or USD-denominated reserve assets.
Use. USDA serves as a quote and settlement asset on Temple's CLOB. Trades against USDA settle atomically on Canton.
How do I get USDA?
Any Temple customer can acquire USDA by trading into it on Temple's CLOB. No separate onboarding is required beyond your existing Temple account.
How do I convert USDA back to another asset?
Convert USDA by trading it into another supported asset on Temple's CLOB. Direct redemption with Brale is not available to end users; conversion occurs through trading on Temple.
Reserves and Transparency
USDA is backed 1:1 by US dollar or USD-denominated reserve assets. Reserves are held and overseen by Brale, the issuer, at regulated US financial institutions.
Key Risks
Holders should understand the following before using USDA:
USDA is not legal tender, is not backed by any government, and is not insured by the FDIC or SIPC.
USDA holders are not entitled to any interest or return earned on reserve assets.
Transactions on Canton Network may be irreversible; losses from accidental transactions may not be recoverable.
Digital assets are subject to legislative and regulatory change, which may adversely affect their use, transfer, and value.
Technological difficulties experienced by Brale, Temple, or third-party providers may temporarily prevent access to or use of USDA.
Support
For questions regarding USDA, contact Temple support at [email protected]