Emurgo, the official commercial arm and a founding entity of the Cardano blockchain, plans to launch USDA, a U.S.-pegged stablecoin, in early 2023, the company told CoinDesk.“The introduction of a fully fiat-backed, regulatory-compliant stablecoin is the next step in realizing the future for our community,” wrote Emurgo Fintech Managing Director Vineeth Bhuvanagiri, in a note to CoinDesk.
USDA is part of Emurgo’s Anzens product, a broader plan that would offer users several financial services and products functioning on Cardano-based assets. These plans include lending and borrowing services, crypto-based card payments and bridges between traditional markets and decentralized applications .
mimom961 emurgo_io Cardano 🔥🔥🔥👌
emurgo_io Cardano Nice! Probably would flip over USDC...
emurgo_io Cardano Pay attention to friends in foreign markets, huobi is going to blow up, cheating retail investors in Chinese areas, confiscating customer assets without any reason, gala changed into fake currency pgala, repurchase announcement is not true, high interest financing is much likeFTX
emurgo_io Cardano Maybe check us out. Been building a fiat-backed stablecoin for months.
emurgo_io Cardano Hiupi90
emurgo_io Cardano Looks like I’m staying with $USDT
emurgo_io Cardano It already sounds better than USDC.
emurgo_io Cardano
emurgo_io Cardano ghostchain right?
emurgo_io Cardano Good for emurgo in paying for adds.
emurgo_io Cardano Great something else from Cardano that still isn't smart contracts....
YoroiWallet emurgo_io Cardano USDA and DJED is the combo we need. Most TVL on Ethereum is from USDC/USDT and DAI. I expect the same on Cardano.
emurgo_io Cardano $CAW 🌙
emurgo_io Cardano COTInetwork and Prince_PratapSs , time to hire a bigger marketing team than Prince. These guys are eating your lunch.
emurgo_io Cardano Yet another 'stable' coin.
emurgo_io Cardano That $USDA stablecoin is powered by AnzensOfficial Follow them
emurgo_io Cardano Whoa!
emurgo_io Cardano What's a Cordanoh?
emurgo_io shauryamalwa another project what about the marketplace lol
emurgo_io shauryamalwa If anyone can do the stablecoin right, it will be Cardano. Take your time Cardano, like you always do, and you will blow the competition.
emurgo_io shauryamalwa Will they peg with ADA
emurgo_io shauryamalwa 100$
emurgo_io shauryamalwa USDA would be the first fully fiat-backed, regulatory-compliant stablecoin in the Cardano ecosystem, Emurgo said. ADA Cardano
emurgo_io shauryamalwa it will be another failed competitor for Tether
emurgo_io shauryamalwa 👀
emurgo_io shauryamalwa There's defi on cardano?
emurgo_io shauryamalwa money_zg you just made a video about it, and now they are planning on launching a stablecoin. Great news for cardano
emurgo_io shauryamalwa IMO the TRON ecosystem has this space packaged up pretty well TRX TRON
emurgo_io shauryamalwa nice, love defi🙃
emurgo_io shauryamalwa I have high hopes for Cardano if they can just kick it into high gear. It's ok to break a few things.
emurgo_io shauryamalwa NachoTrades do you think this would have much impact?
emurgo_io shauryamalwa BS
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