Angle Protocol is a decentralized stablecoin project launched in 2021. It issued the euro-pegged agEUR, later renamed EURA, and the dollar-pegged USDA using collateral and mint/redeem mechanisms. As of 2026-10-23, Angle’s official site says the protocol is entering its final chapter and tells users to redeem EURA and USDA by March 1, 2027. This entry describes both the protocol’s design and its announced wind-down.
| Stat | Value |
|---|---|
| Ticker | ANGLE |
| Price | $0.0001644 |
| Market Cap | $53,478 |
| 24h Change | +0.7% |
| Circulating Supply | 325.292M ANGLE |
| Max Supply | 1,000,000,000 ANGLE |
CoinGecko price, market cap, and 24-hour change fields refresh automatically. Supply figures checked 2026-10-23.
How the Stablecoins Worked
Angle’s early design used collateralized borrowing and market participants called Hedging Agents. Later versions used the Transmuter, which supports minting and redemption against protocol collateral under its published rules. EURA began under the name agEUR; Angle Labs announced the rename in 2024. EURA and USDA are stablecoin products, while ANGLE is a separate governance token.
Current Wind-Down
The current Angle homepage says the protocol remains fully collateralized and that each EURA and USDA is redeemable 1:1 until March 1, 2027. That is the issuer’s current public statement. Users should check the official redemption app, chain, contract, and eligibility details before acting; an ANGLE market price does not represent the redemption value or backing of EURA or USDA. The site also directs readers to Merkl for Angle Labs’ other work, which is a separate product.
ANGLE Tokenomics
ANGLE is the protocol’s governance token. CoinGecko reports a maximum supply of 1 billion ANGLE and a circulating supply of about 325.292 million in the snapshot shown above. The public sources reviewed here confirm governance utility and those supply figures, but do not establish a current vesting calendar or a verified allocation breakdown, so none is inferred. CoinGecko reported no 24-hour trading volume in the reviewed snapshot, which makes the displayed market data a poor proxy for executable liquidity.
Reading the Market Data
The table is for ANGLE only. EURA and USDA are stablecoins issued by the protocol and have different contracts, redemption mechanics, and market behavior. The dynamic price and market-cap fields can refresh; circulating and maximum supply are dated snapshot figures.
Related Terms
- Stablecoin — defines the token type issued by Angle.
- Collateralized Stablecoin — explains how reserve assets can support a stablecoin.
- Governance Token — describes the voting role associated with ANGLE.
See Also
- Why Algorithmic Stablecoins Keep Failing (And Why People Keep Trying Anyway) — contrasts collateral-backed designs with algorithmic peg mechanisms.
- What Is Tokenomics — And Why It Determines Whether a Crypto Project Survives — offers context for ANGLE supply and token utility.
- Why Smart Contract Audits Fail: What Post-Mortems Reveal About the Limits of Security Reviews — examines protocol risks relevant to stablecoin infrastructure.
- ChangeNOW — Check supported assets, networks, and local availability before using this third-party service.
Sources
- Angle Protocol current status and redemption notice — states the wind-down, full-collateralization claim, 1:1 redemption, and March 1, 2027 deadline.
- Angle Labs announcement: agEUR becomes EURA — confirms the former agEUR stablecoin was renamed EURA.
- CoinGecko ANGLE market and supply page — identifies ANGLE’s CoinGecko API ID and reports current market and supply statistics.