Aave Labs Proposes Adding Tether's USAT Stablecoin to Avalanche V4
- —USAT is a dollar stablecoin issued by Anchorage Digital Bank, redeemable 1:1 for USD
- —The proposal was filed via Aave's Direct to AIP route with a specific Avalanche contract address
- —Risk settings and final market configuration have not yet been published
- —USAT is intended as the first borrowing asset for tokenized RWA credit on Avalanche
Why it matters: If approved, USAT would anchor borrowing against tokenized real-world assets on Avalanche, deepening ties between Tether and Aave.
Source: Crypto Daily