Cardano welcomes USDM, its first fiat-backed stablecoin

Cardano welcomes USDM, its first fiat-backed stablecoin
Cardano, a leading Layer-1 smart contract network, has announced the launch of the USDM stablecoin by Mehen Finance. This event marks a significant development in the platform’s journey towards broader adoption. The USDM stablecoin, fully backed by U.S. dollars, promises a 1:1 conversion rate for users. It stands as the first non-algorithmic, fiat-backed stablecoin on For Further Information Click on Below Button
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