Cardano's Self-Regulated Stablecoin Set for Launch in Early 2023 — Is ADA Ready For A Go At $1.
19 Nov 2022, 08:00
Cardano’s Self-Regulated Stablecoin Set for Launch in Early 2023 — Is ADA Ready For A Go At $1?
The Cardano ecosystem could have its first fully fiat-backed, regulatory-compliant stablecoin before the end of Q1 2023. According to Emurgo, the official commercial arm of the Cardano blockchain, the stablecoin will be called USDA and shall be pegged on a 1:1 ratio with the US dollar.
“The introduction of a fully fiat-backed, regulatory-compliant stablecoin is the next step in realizing the future for our community,” Vineeth Bhuvanagiri, Emurgo’s Fintech Managing Director, said.