Cardano will finally have its own fiat-backed stablecoin after one of its founding entities, EMURGO, announced that the USDA stablecoin will launch on the далил-жылдын устунга network in the first quarter of 2023.
EMURGO жарыялады on Nov. 18 that the stablecoin would be fully regulatory compliant and designed to protect Web3 participants from the crypto market’s inherent өзгөрмөлүүлүгү. The US Dollar will fully back the stablecoin to ensure that it provides long-term price stability.
Source: https://beincrypto.com/cardano-to-gets-first-usd-backed-stablecoin-by-2023/