Upcoming Stablecoins Will Benefit Cardano Network: Emurgo
Published in
Feb 10, 2023
- Two stablecoins, USDA and Djed are set to launch on Cardano in early 2023.
- USDA fiat-based will Djed is over-collateralized and based on an algorithm.
- Emurgo says that both stablecoins will greatly benefit the Cardano network.
Emurgo, the founding entity of Cardano, claims that the scheduled native stablecoin USDA under development will bring stability to the network, among other underlying benefits. USDA is one of the two proposed stablecoins for the Cardano network, expected to launch in the early months of 2023. USDA is a fiat-backed stablecoin that will be available for Cardano users for various transactions.
