Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»ALTCOIN NEWS»USDM Stablecoin Launches on Cardano (ADA) Mainnet
ALTCOIN NEWS

USDM Stablecoin Launches on Cardano (ADA) Mainnet

By Crypto FlexsMarch 21, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
USDM Stablecoin Launches on Cardano (ADA) Mainnet
Share
Facebook Twitter LinkedIn Pinterest Email

A new dollar-backed stablecoin has been launched on the Cardano (ADA) mainnet.

Financial company Mehen Released USDM stablecoin was acquired over the weekend, noting that institutional users will spend a day or two onboarding the asset.

publisher Called Stablecoins will “slowly arrive on-chain” this week.

Mehen says each USDM is backed 1:1 with the US dollar from US-based banks.

“USDM represents a paradigm shift in the stablecoin world, bridging the gap between traditional fiat currencies and the decentralized blockchain realm. Supporting verifiable reserves and leveraging the powerful infrastructure of the Cardano network, USDM sets a new standard for stability, transparency, and efficiency in the digital asset space.

“As the Cardano ecosystem continues to evolve, initiatives like USDM highlight the platform’s commitment to innovation and capacity building on a global scale.”

ADA is trading at $0.632 at the time of writing, down 4.38% in the last 24 hours.

The ninth-largest cryptocurrency asset by market capitalization has not enjoyed the same level of gains as many other large cryptocurrencies this year.

The Ethereum (ETH) rival has only gained about 1.3% since the start of 2024 and remains nearly 80% below its all-time high of $3.09 hit in September 2021, according to CoinGecko.

Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox

Check Price Action

follow us TwitterFacebook, Telegram

Daily Hodl Mix Surfing

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created by: Midjourney

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025

Tethers we target the Stablecoin market and quote the path of genius behavior.

July 31, 2025
Add A Comment

Comments are closed.

Recent Posts

Ethereum-Based Project Pepeto Surpasses $6.3M In Presale As Ecosystem Development Advances

August 20, 2025

Bossjob’s Twin Engine Strategy Revolutionizes Talent Acquisition At Tokyo WebX Summit

August 20, 2025

1inch Pioneers Solana Cross-chain Swaps, Unlocking Seamless Interoperability

August 19, 2025

Ethereum Meme Coin Pepeto Crosses $6,200,000 Million In Presale Upon Listing

August 19, 2025

Democratizing Layer 2 Infrastructure While Rewarding Community Participation

August 19, 2025

Bitpanda Launches DeFi Wallet To Power Europe’s Journey To An Onchain Future

August 19, 2025

Ether Lee’s price retreat, a market for watching $ 4,200 for the next movement

August 19, 2025

Nuseir Yassin, Dr. Maye Musk, And More To Lead The Stage

August 19, 2025

Despite the ETF leakage, Bitcoin is steadily at $ 115K as whales purchase

August 19, 2025

$ 500m liquidation Rock Ethereum and Bitcoin: Do the collisions fuel to the whale accumulation?

August 19, 2025

Stake key encryption assets also require inheritance.

August 18, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Ethereum-Based Project Pepeto Surpasses $6.3M In Presale As Ecosystem Development Advances

August 20, 2025

Bossjob’s Twin Engine Strategy Revolutionizes Talent Acquisition At Tokyo WebX Summit

August 20, 2025

1inch Pioneers Solana Cross-chain Swaps, Unlocking Seamless Interoperability

August 19, 2025
Most Popular

Ethereum (ETH) is poised to surpass Bitcoin (BTC) in 2024, according to macro expert Raoul Pal. Here’s why:

December 25, 2023

Binance Futures Adjusts Leverage and Margin Tiers for Multiple Perpetual Contracts

August 4, 2024

Coinbase Reports $1.45 Billion in Q2 Revenue Despite Profit Decline

August 1, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.