Aave weighs adding Anchorage's USAT stablecoin, but not as collateral
- —USAT is issued by Anchorage Digital Bank, backed by cash and US Treasury assets
- —Nearly all USAT liquidity in DeFi sits in a single Curve pool
- —Initial listing would allow deposits and lending, but no borrowing against USAT
- —TokenLogic proposed a swap mechanism between USAT and Aave's GHO stablecoin
Why it matters: The case shows a fully backed bank stablecoin still fails as collateral without deep liquidity, as DeFi applies its own risk rules.
Source: CriptoTendencias