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Cardano Ecosystem

Cexplorer

07/15/2024

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The USDA Project Is Back

The USDA was initially considered to become one of the first USD-backed stablecoins that will be launched in the Cardano ecosystem.

The USDA Project Is Back

The USDA was initially considered to become one of the first USD-backed stablecoins that will be launched in the Cardano ecosystem. 

However, in 2023, the Anzens team notified the community of regulatory complications, and communication soon ceased. Many believed that the USDA project would never materialize. 

Meanwhile, Mehem's USDM launched and became the first USD-backed stablecoin in the Cardano ecosystem. Now, the USDA project is making a comeback with a new, strong partner. USDA Is Back with a Strong Partner On July 8, EMURGO announced that the Anzens USDA stablecoin will be launched by Encryptus.

EMURGO will continue to support the launch as a technology provider. Encryptus, an institutional-grade platform, was founded in 2020 in Dubai, United Arab Emirates. 

The company faci Read article: The USDA Project Is Back

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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