What is USDA (USDA)?
USDA is a USD-denominated stablecoin issued on Canton Network, a Layer 1 blockchain designed for financial markets. Each USDA is backed 1:1. The token is issued by Brale and implements the Canton Token Standard (CIP-56), making it composable across applications, wallets, and venues on Canton from day one. Canton Network provides sub-transaction privacy: only the parties entitled to a given transaction can see its contents. USDA inherits this privacy model.
How does USDA work?
Balances, counterparties, and transaction details are visible only to authorized participants, while atomic settlement is preserved across independent applications. The asset is designed for institutional use cases that require both privacy and programmable cash settlement. These include atomic settlement of tokenized real-world assets such as bonds, repos, loans, and wrapped Bitcoin; delivery-versus-payment workflows; cross-border B2B payments; payroll; and treasury operations. Settlement runs around the clock, across applications on Canton.