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.

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