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The Cardano blockchain will launch Stebblecoin tied to the US dollar

The Cardano blockchain will launch Stebblecoin tied to the US dollar

Emurgo, standing behind the development of the Cardano ecosystem, has announced USDA Steabelcoin, tied to the US dollar,. The launch of the tool on the main network is scheduled for the first quarter of 2023.

#Emurgo, The Official Commercial Arm and Founding Entity of the @cardano #blockchain, Announces The Planned Launch of Its New U.S. Dollar-Backed Stablecoin, #usda. A first Fullly Fiat-Backed, Regulatory Compliant #stablecoin in the #cardano ecosystem.
🔗: https: // t.CO/I035EKI78F Pic.Twitter.COM/UYCO9SOE8Z

– Emurgo (@emurgo_io) november 18, 2022

Emurgo is a commercial wing and one of the co -founders of the Cardano project.

USDA will become part of the Anzens platform. The latter will offer users various financial services and products based on Cardano. In particular, developers plan to launch a landing service.

According to the press release, the instrument is a stablecoin, which is fully provided with fiat and “meets regulatory requirements”. The partner of Emurgo, an unnamed “regulated financial company located in the United States”, will be stored and deposits will be stored and deposits.

It is assumed that USDA will play an important role in the development of the Cardano ecosystem and potentially increase its stability. The developers also noted that Anzens will “reduce the gap” between the traditional financial system and cryptocurrencies.

Recall that in September 2022, Input Output Global successfully activated Vasil updating in the main network of Cardano. The team included the second version of Plutus scripts and modified the cost calculation model for each primitive.

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