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