Cardano (ADA) Commercial Arm Unveils Plan To Launch Fiat-Backed Stablecoin Pegged to US Dollar

Cardano (ADA) Commercial Arm Unveils Plan To Launch Fiat-Backed Stablecoin Pegged to US Dollar


The commercial branch of the Cardano (ADA) blockchain is revealing plans to launch a new fiat-backed crypto asset pegged to the US Dollar.

In a new announcement, EMURGO says that it is gearing up to launch USDA, the first ever USD-backed stablecoin for the Cardano ecosystem, early next year.

According to EMURGO, the stablecoin was created to shield investors and Web3 firms from volatility within the crypto markets by combining the enduring stability of the US Dollar with the high security, low fees, and eco-friendliness of the ADA blockchain.

Trending: Dr. Ryan Cole Says OB/GYN’s Are Sending Him Placentas From Vaxxed Mothers to Examine (And It’s Bad!)

The company also says the crypto asset is guaranteed to be backed 1:1 and is fully in line with current regulations, noting that the product aims to bridge the gap between traditional finance and decentralized finance

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend