Avant USD wallet

What is Avant USD (AVUSD)?

avUSD is the stable-value token of Avant, a DeFi protocol on Avalanche. It is meant to sit at one dollar, but it is not a bank-backed stablecoin: the protocol issues it 1:1 against USDC deposits rather than against cash in a bank account. For a holder this means avUSD behaves like a token backed by another stablecoin, not like a fiat-redeemable one.

Avant runs two tokens, and this is the main thing to keep straight. avUSD is the plain one: it is an ordinary ERC-20 on the Avalanche C-Chain, its balance stays exactly what you hold, and nothing happens to it while it sits in a wallet. savUSD is the staked version: you deposit avUSD into the protocol's vault and receive savUSD shares, and it is the share price of savUSD against avUSD that moves over time, not the number of tokens. Unstaking back to avUSD goes through the protocol with a cooldown rather than an instant swap, so plan for that if you move between the two. In a wallet they are two different tokens with two different balances, and holding avUSD does not automatically give you anything from savUSD.

Because avUSD lives on the C-Chain, every transfer is paid in AVAX. A wallet holding only avUSD cannot send it, so keep a little AVAX next to it. In Tangem the AVAX and the avUSD share one address, and a transfer is signed by tapping the card to the phone, so a small top-up of gas and a quick send do not need anything beyond the card and the app. For a token you hold as a stable balance and move occasionally, that is all the setup it needs.

Supported networks in Tangem (1): Avalanche.