Cardano’s Hoskinson Lauds New Stablecoin, Touted as “More Advanced” Than USDC
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最新报道：Cardano founder Charles Hoskinson announced plans for a new algorithmic stablecoin called USDM, set to launch in 2024. Unlike traditional stablecoins backed by fiat reserves, USDM will be collateralized by Cardano’s native ADA tokens and operate on the Cardano blockchain. Hoskinson emphasized that USDM aims to provide a decentralized alternative to centralized stablecoins like USDT and USDC, ensuring transparency and reducing counterparty risks. The stablecoin will be developed in collaboration with fintech firm Mehen Finance, which previously worked on a fiat-backed Cardano stablecoin. The launch is expected to enhance Cardano’s DeFi ecosystem by offering a native stable asset for transactions and liquidity.
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