Emurgo launching Cardano (ADA) stablecoin USDA in Q1 2023

Emurgo, the official commercial arm and a founding entity of the Cardano blockchain, has announced plans to launch USDA, a U.S dollar-backed stablecoin, in the first quarter of 2023.

The new stablecoin, USDA, will be the first fully fiat-backed, regulatory-compliant stablecoin in the Cardano ecosystem.