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Mehen explores the growing integration of blockchain technology into various sectors, providing insights into its applications and transformative potential.

Mehen

Mehen explores the growing integration of blockchain technology into various sectors, providing insights into its applications and transformative potential.

Cardano Gets First Fiat-Backed Stablecoin with USDM
Stablecoins   -   Mar 23, 2024 Cardano Gets First Fiat-Backed Stablecoin with USDM

Mehen Finance launched USDM, Cardano's first fiat-backed stablecoin, offering price stability compared to existing algorithmic options. USDM aims to attract new users with a 1:1 USD peg & transparency via on-chain reserves. Public rollout for retail users is expected in April 2024.

Mathilde Adam
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Stablecoins   -   Mar 23, 2024 Cardano Gets First Fiat-Backed Stablecoin with USDM
Cardano Gets First Fiat-Backed Stablecoin with USDM

Mehen Finance launched USDM, Cardano's first fiat-backed stablecoin, offering price stability compared to existing algorithmic options. USDM aims to attract new users with a 1:1 USD peg & transparency via on-chain reserves. Public rollout for retail users is expected in April 2024.

Mathilde Adam
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