Verify what backs a stablecoin
DIA Value computes intrinsic fair value for stablecoins from reserves and on-chain data, so backing and peg health can be verified.
Supply across all stablecoins
Its one stablecoin. At least this much: 1 of 2 chains read
Share of total stablecoin supply
#30 of 98 issuers by supply
Stablecoins issued
median issuer: 1
Chains
read onchain, #76 of 98 issuers; 2 with material supply
Avant Protocol is a DeFi protocol on Avalanche where users mint the avUSD stablecoin against USDC deposits that are deployed into market-neutral trading strategies to generate yield.
Avant Protocol is a DeFi protocol that mints a dollar token against USDC and runs it alongside a yield engine. Its homepage describes a multi-manager yield engine that deploys capital into delta-neutral strategies managed by specialised trading partners.
Who stands behind it
The terms of use name Avant Protocol Foundation and its affiliates as the party that makes the protocol available. The terms give no place of incorporation or registered address for the Foundation. They are governed by the laws of the British Virgin Islands. They list the United States as a restricted territory.
In November 2024 Avant raised a $6.5 million seed round. Backers were Superlayer, Avalaunch, GoGoPool, Daybreak Digital and Linda Kreitzman. Founder Rhett Shipp said then that public access to avUSD and savUSD would open in December.
Product range
The docs list four product families: USD, BTC, ETH and kBTC. Each family is structured as a base token, a senior tranche and a junior tranche. A governance token, AVANT, is described as forthcoming.
Sources: Avant Protocol website, Avant Protocol docs: Terms of Use, Avant Protocol docs: Core Tokens, Avant Protocol docs: Avant Overview, NFTgators: Avalanche-based DeFi protocol Avant secures $6.5M seed round (archived)
avUSD is Avant Protocol's only stablecoin.
avUSD's supply, counted once across its chains.
Supply of every coin Avant Protocol issues, summed by chain from DIA's own totalSupply() reads of the verified contracts. Each coin's tokens are converted to dollars at DIA's price for that coin, or split pro rata from its market figure where DIA has no price, so coins in different currencies can share one column. Wrapped coins are left out: their supply is already inside the coin they wrap. Each chain shows the same amount as the chain row on each coin's own page.
$114.8M
Read on 1 chain, in the total
Avalanche100%$114.8MIn DIA's latest read, avUSD sits 45 bps below its USD peg. avUSD's typical daily move over the last 90 days was 11 bps.
Today is DIA's latest daily read of each stablecoin's price against one unit of its peg currency, in basis points: 100 bps is 1% away from the peg, above (+) or below (-).
Typical daily move is the standard deviation of the daily gap between the price and the peg over the last 90 days. Largest move is the single day in the last 12 months furthest from the peg. Both come from daily closes at 00:00 UTC (DeFiLlama, with CoinGecko where DeFiLlama has no price) and match the figures on each stablecoin's own page.
Attestation cadence is how often an independent accountant's report covers the reserves, where one is published. A stablecoin with none shown has no cadence published.
Stablecoins whose value rises by design, such as savings wrappers, have no peg figures. Their price is a yield curve, not a peg.
Lending-market supply of Avant Protocol's stablecoin. Yield pools live on the stablecoin's own page.
No lending market read yet.
What Avant publishes
The docs list the wallets that run strategies, product by product. The strategy-addresses page carries 27 addresses for avUSD, nine of them marked archived. Across all products, entries carry labels for Stacks, Solana, Bitcoin, Lighter, Aptos, Starknet, Paradex and Stellar alongside unlabelled EVM addresses. Named strategies include basis trades, lending rate arbitrage, yield trading and supply to lending markets such as Aave. The transparency dashboard adds an asset breakdown, protocol deployments, chain distribution and a weekly net asset value calculated by Pennyworks.
The USD suite has a separate reserve fund in an MPC wallet at 0xd98e1faf532b9c481c56741ab3ac47ec18d8f43a. Protocol fees and yield on capital backing unstaked assets fund it. The transparency dashboard showed its balance at $1,084,465 on 2 October 2026. Redemptions return USDC and can take up to 7 days.
What it does not publish
No reserve attestation by an accounting firm is published. The audits page carries smart contract audit reports and describes ongoing operational security audits by Trail of Bits. It contains no financial attestation or proof of reserves. The custody docs describe MPC wallets without naming a custody provider.
Sources: Avant Protocol docs: Strategy Addresses, Avant Protocol docs: Yield Generation, Avant Protocol transparency dashboard, Avant Protocol website, Avant Protocol docs: Reserve Fund, Avant Protocol docs: Redeeming avAssets, Avant Protocol docs: Contract and OPSEC Audits, Avant Protocol docs: Secure Asset Management
Avant issues one stablecoin on the map: avUSD, pegged to the US dollar. The map classes it as a synthetic stablecoin. The docs describe avUSD as backed 1:1 by USDC and as the entry point to the USD family.
Holders who stake avUSD receive savUSD, the senior tranche. Its exchange rate against avUSD rises as yield is distributed daily, and unstaking has a 1-day cooldown. The junior tranche, avUSDx, receives an extra allocation equal to 10% of the yield from all capital in the main strategy. Neither tranche is on the map as a stablecoin.
avUSD is native to Avalanche. The docs also list avUSD contracts on Base, Berachain, Ethereum, Linea and Monad. The map covers the Avalanche contract only.
Sources: Avant Protocol docs: Core Tokens, Avant Protocol docs: Avant Overview, Avant Protocol docs: Yield Distribution, Avant Protocol docs: Contract Addresses
Summed by recorded day (daily for the last year, weekly before that). This chart is DeFiLlama circulating supply. The headline figure above is mostly DIA’s onchain reads, with DeFiLlama where DIA does not read, so the last point can differ from it.
Source: DeFiLlama circulating supply Updated
