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USDM

Discover USDM, a digital asset designed to provide a seamless experience for users in the cryptocurrency market, enhancing transaction efficiency.

USDM

Discover USDM, a digital asset designed to provide a seamless experience for users in the cryptocurrency market, enhancing transaction efficiency.

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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