EMURGO is the official commercial arm and one of the three founding entities of the Cardano project. The entity announced the planned launch of a new US dollar-backed USDA stablecoin. The launch is scheduled for Q1 2023. Cardano will have its own stablecoin, an essential part of any DeFi ecosystem.
TLDR:
- USDA requires trust in a third party.
- USDA will be native Cardano tokens.
- Banking the unbanked dream can become a reality thanks to stablecoins.
This article was prepared by Cardanians with support from Cexplorer.
Read the article: Cardano will have a USD-backed stablecoin | Cardano Explorer