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Cardano-based USDM Stablecoin to be Released at Retail in April

Cardano-based USDM Stablecoin to be Released at Retail in April

2024/03/20 22:08

Mehen Finance has announced that it will be releasing a retail Cardano-based stablecoin, USDM, in April.USDM is a fiat-backed stablecoin pegged 1:1 to the U.S. dollar and initially launched for institutional users on March 17.The retail launch of USDM is expected to enhance Caldano's Decentralized Finance (DeFi) ecosystem by providing users with an existing legally-backed alternatives to algorithmic stablecoins.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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