Digital asset wealth management platform Abra launched AbraFi, a Solana-native protocol and the USDAF synthetic dollar.
Digital asset wealth management platform Abra launched AbraFi, a Solana-native protocol designed to connect real-world assets to crypto-native financial instruments. The company also launched USDAF, a fully-backed, delta-neutral synthetic dollar, alongside sUSDAF, its staked, yield-bearing counterpart.
Abra will leverage USDAF and sUSDAF as part of its yield-generating strategies and will offer native custody to clients in its separately managed account vaults. Abra will also provide access to its clients who qualify to earn yield on stablecoins via sUSDAF.
Key features of the launch also include allowing users to mint USDAF directly on-chain or via approved partners, a multi-layered approach to mitigate smart contract, and the launch of an AFI governance token in 2026.
Built on Solana’s high-performance architecture, USDAF allows access to a diversified backing pool of liquid stablecoins and staked digital assets, including SOL and other liquid tokens. AbraFi liquidity will be seeded across DeFi venues, including Orca, Raydium, and Jupiter, as well as CeFi integrations for margins and collateral.
“In 2015, Abra created the first synthetic dollar on Bitcoin to facilitate global payments and investments. Now crypto native stablecoins play a critical role in DeFi in creating a financial system that is free from counterparty risks and the need to trust other institutions,” said Bill Barhydt, CEO of Abra.
“By creating USDAF, a fully-backed, delta-neutral synthetic dollar, and sUSDAF, its staked, yield-bearing counterpart, AbraFi is enabling scalable, transparent, and permissionless access to tokenised assets. AbraFi, starting with USDAF, empowers individuals, institutions, and developers to participate in a stable, on-chain financial ecosystem, linking CeFi and DeFi in ways that were never before possible.”
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