Cardano-Based Regulated USDA Stablecoin to Launch in Q1 2023

Cardano’s development company entity, Emurgo, plans to launch a U.S.-pegged stablecoin USDA in the first quarter of 2023 that will be fully fiat-backed and compliant, CoinDesk reported. USDA is part of Anzens, a product of Emurgo, which plans to provide users with a variety of financial services and products based on Cardano assets, including lending services, cryptocurrency-based card payments, and a bridge between traditional markets and DApps. USDA will be launched on the Anzens platform and users will be able to tokenize USD into USDA via credit/debit card, wire transfer or after trading ADA for USD.