Wednesday, August 27, 2025
  • About Web3Wire
  • Web3Wire NFTs
  • .w3w TLD
  • $W3W Token
  • Web3Wire DAO
  • Media Network
  • RSS Feed
  • Contact Us
Web3Wire
No Result
View All Result
  • Home
  • Web3
    • Latest
    • AI
    • Business
    • Blockchain
    • Cryptocurrencies
    • Decentralized Finance
    • Metaverse
    • Non-Fungible Token
    • Press Release
  • Technology
    • Consumer Tech
    • Digital Fashion
    • Editor’s Choice
    • Guides
    • Stories
  • Coins
    • Top 10 Coins
    • Top 50 Coins
    • Top 100 Coins
    • All Coins
  • Exchanges
    • Top 10 Crypto Exchanges
    • Top 50 Crypto Exchanges
    • Top 100 Crypto Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks
  • Events
  • News
    • Latest Crypto News
    • Latest DeFi News
    • Latest Web3 News
  • Home
  • Web3
    • Latest
    • AI
    • Business
    • Blockchain
    • Cryptocurrencies
    • Decentralized Finance
    • Metaverse
    • Non-Fungible Token
    • Press Release
  • Technology
    • Consumer Tech
    • Digital Fashion
    • Editor’s Choice
    • Guides
    • Stories
  • Coins
    • Top 10 Coins
    • Top 50 Coins
    • Top 100 Coins
    • All Coins
  • Exchanges
    • Top 10 Crypto Exchanges
    • Top 50 Crypto Exchanges
    • Top 100 Crypto Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks
  • Events
  • News
    • Latest Crypto News
    • Latest DeFi News
    • Latest Web3 News
No Result
View All Result
Web3Wire
No Result
View All Result
Home Web3

EMURGO Introduces First USD-Backed Stablecoin for the Cardano Ecosystem

The stablecoin is the first offering in its ‘Anzens’ suite of products designed to connect traditional financial services to crypto

November 18, 2022
in Web3
Reading Time: 4 mins read
5
SHARES
251
VIEWS
Share on TwitterShare on LinkedInShare on Facebook

EMURGO, the official commercial arm and a founding entity of the Cardano blockchain, announces the planned launch of its new U.S. Dollar-backed stablecoin, USDA. USDA is the first fully fiat-backed, regulatory compliant stablecoin in the Cardano ecosystem.

Fueled by Cardano and designed to safeguard Web3 companies and consumers from crypto market volatility, USDA leverages the stability of the U.S. Dollar combined with Cardano’s security, low fees, and eco-friendly blockchain. This new stablecoin offering locks in the value of investors’ crypto assets by pegging 1:1 to the U.S. dollar, reducing volatility, and unlocking fast global transactions without legacy banking and payment infrastructure delays.

“The Cardano ecosystem was built on the ethos of bringing real world applications to crypto and creating the foundation to build the economy of the future. The introduction of a fully fiat-backed, regulatory compliant stablecoin is the next step in realizing the future for our community,” said EMURGO Fintech Managing Director Vineeth Bhuvanagiri. “USDA is a native asset, freely exchangeable on Cardano, and backed by U.S. currency. This stablecoin not only offers stability to investors conducting financial transactions on the blockchain but advances a path forward for the Cardano ecosystem to address a problem we are uniquely positioned to solve — banking the underbanked,” added Bhuvanagiri.

EMURGO has partnered with a regulated financial services company based in the United States to custody cash deposits, assuring the stablecoin is fully compliant and adheres to regulatory guidelines. Backed by “real-world” assets, USDA provides strong, long-term price stability that may eventually lead to unlocking more reliable financial services to the Cardano ecosystem.

USDA is the first product being brought to market within Anzens, EMURGO’s new product suite which aims to bridge the gap between traditional finance (TradFi) and DeFi. Anzens will provide a portal to regulated financial services products offered within the Cardano ecosystem wherein anyone can tokenize their dollars and move them as a Cardano-native asset.

“Anzens is the next step in utilizing the Cardano ecosystem to address some of the biggest challenges the crypto industry faces in creating real world solutions that seamlessly connect to the traditional financial services world,” continued Bhuvanagiri. “From managing Web3 balance sheets, to making card payments directly with crypto, to better lending and borrowing services, Anzens will set the standard for safe and secure portals between TradFi and DeFi.”

  • ADA
    Cardano
  • Price
    $ 0.862543
  • Change
    2.33%
  • Marketcap
    $ 31.47 B

USDA is planned to launch on the Anzens platform in Q1 2023 where users will be able to tokenize their USD into USDA via credit/debit cards, Wire Transfer, ACH or conversion of ADA. Alongside the tokenization of USD, EMURGO will soon enable the safe and convenient conversion of other stablecoins including USDC and USDT to USDA, with further plans to enable conversion and swaps of cryptocurrencies such as BTC, ETH, amongst others. The goal is for Anzens suite of products to include regulated borrowing and lending services, crypto to USD currency conversion for immediate card payments, and stake pools that pay out rewards in USDA. To learn more and join the waitlist, visit www.anzens.com.

https://www.youtube.com/watch?v=5H-F-7fBZdc

About EMURGO

EMURGO is the official commercial arm of Cardano and provides socially impactful solutions to solve some of the most intricate problems of organizations. As a founding entity of the Cardano protocol, EMURGO is able to leverage its abilities for large-scale blockchain development and rapid solutions deployment to benefit its global clients. EMURGO has worldwide offices in the U.S., Singapore, India, Indonesia, the Middle East, and Africa, and a roster of global clients and partners. To connect and learn more, visit emurgo.io.

About Web3Wire
Web3Wire – Information, news, press releases, events and research articles about Web3, Metaverse, Blockchain, Artificial Intelligence, Cryptocurrencies, Decentralized Finance, NFTs and Gaming.
Visit Web3Wire for Web3 News and Events, Block3Wire for the latest Blockchain news and Meta3Wire to stay updated with Metaverse News.
Tags: AnzensCardanoEMURGOVineeth Bhuvanagiri
ShareTweet1ShareSendShare2
Previous Post

Anode Labs Announces Funding To Build The React Network: The First Community-Owned, Web3 Green Energy Grid

Next Post

Harmony Partners with Game Space to Scale Web3 Games on Shard 1

Related Posts

DIDWW to showcase its voice and SMS innovations at ITW Africa and WWC 2025

Dublin, Ireland - August 27, 2025 - DIDWW is set to highlight its latest innovations in VoIP and SMS solutions at two key telecommunications events this September. As a trusted global provider of premium quality two-way SIP trunking and SMS services, the company will join industry leaders, partners, and customers...

Read moreDetails

South Korea Cloud Computing Market is Booming and Expected to Hit USD 11.6 Billion by 2033

IMARC Group has recently released a new research study titled "South Korea Cloud Computing Market Report by Service (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS)), Workload (Application Development and Testing, Analytics and Reporting, Data Storage and Backup, Integration and Orchestration, Resource Management,...

Read moreDetails

Opportunities for Growth in the AI Image Generator Market

Market IntroductionThe global AI image generator market is becoming a revolutionary influence in the creative and digital content sectors. Driven by AI advancements, these tools produce realistic, high-quality images from text or visual prompts, minimizing reliance on conventional design and photography. As the demand for fast, customizable, and cost-effective content...

Read moreDetails

Lunexus Platform: Building a Decentralized Web3.0 Bridge Connecting the Physical and Digital Worlds.

Headquartered in one of the world's leading fintech hubs, Lunexus Internet Technology Inc today announced its strategic positioning: through its flagship platform lunexus, the company aims to build a decentralized, secure, and scalable Web3.0 aggregation ecosystem, providing comprehensive solutions that connect finance, technology, and energy for users and institutions worldwide.Integrating...

Read moreDetails

The Agency Behind the Online Success of Local Businesses in the USA

Team Levy Online - Digital Marketing Agency Based In Las Vegas, NV Small and mid-sized businesses across the United States face increasing pressure to compete online. From fierce industry competition to rapid changes in Google's algorithms, Digital marketing is becoming overwhelming for local business owners.At the heart of Levy Online's...

Read moreDetails

Pump.fun Memecoins Are Winning Big with This Solana Volume Bot-Here’s How

VoluDex.net's Pump.fun Volume Booster Bot helps Solana memecoins trend faster with smart wallet activity, natural chart flow, and Every Solana memecoin creator wants their token to be the next big thing on Pump.fun - trending, pumping, and attracting thousands of real buyers. But without volume, even the best tokens remain...

Read moreDetails

Scrubber Driers Market is Booming Worldwide | Major Giants Nilfisk,Karcher,Hako

Scrubber Driers Market HTF MI just released the Global Scrubber Driers Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2033. The marketization process is being accelerated by the...

Read moreDetails

XRP and ETH surged, with single-day gains reaching $3,500, attracting investors to join the ranks of the father of quantitative trading.

London, UK, 27th August 2025, ZEX PR WIRE, Quantitative trading originated in the 1960s, pioneered by Edward Thorp, a physics professor at UCLA, MIT, and the University of California, Irvine.It flourished in the 1970s and 1980s, reaching its golden age in the 1990s. Despite challenges after the 2008 financial crisis,...

Read moreDetails

Australia Publishing Market Projected to Reach USD 7.9 Billion by 2033

Australia Publishing Market The latest report by IMARC Group, titled "Australia Publishing Market Report by Type (Book Publishing, Magazine Publishing, Newspaper Publishing), Platform (Traditional, Digital), and Region 2025-2033," offers a comprehensive analysis of the Australia publishing market growth. The report also includes competitor and regional analysis, along with a breakdown...

Read moreDetails

3D-prints Prosthetics Market is Booming Worldwide | Major Giants Össur,ExOne, FabRx

3D-prints Prosthetics Market HTF MI just released the Global 3D-prints Prosthetics Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2033. The marketization process is being accelerated by the...

Read moreDetails
Web3Wire NFTs - The Web3 Collective

Web3Wire, $W3W Token and .w3w tld Whitepaper

Web3Wire, $W3W Token and .w3w tld Whitepaper

Claim your space in Web3 with .w3w Domain!

Web3Wire

Trending on Web3Wire

  • Top 5 Wallets for Seamless Multi-Chain Trading in 2025

    50 shares
    Share 20 Tweet 13
  • Unifying Blockchain Ecosystems: 2024 Guide to Cross-Chain Interoperability

    97 shares
    Share 39 Tweet 24
  • Top Cross-Chain DeFi Solutions to Watch by 2025

    53 shares
    Share 21 Tweet 13
  • Discover 2025’s Top 5 Promising Low-Cap Crypto Gems

    71 shares
    Share 28 Tweet 18
  • Understanding Soulbound Tokens SBT Their Definition and Significance

    24 shares
    Share 10 Tweet 6
Join our Web3Wire Community!

Our newsletters are only twice a month, reaching around 10000+ Blockchain Companies, 800 Web3 VCs, 600 Blockchain Journalists and Media Houses.


* We wont pass your details on to anyone else and we hate spam as much as you do. By clicking the signup button you agree to our Terms of Use and Privacy Policy.

Web3Wire Podcasts

Upcoming Events

Web 3.0 and AI Summit 2025

2025-09-11
Frankfurt
Summit

Latest on Web3Wire

  • AWALL VR Announces Official Launch, Merging Advertising with Cryptocurrency-Powered Video Engagement
  • BK Technologies To Attend Lake Street Capital Markets 9th Annual Best Ideas Growth Conference
  • Ondas Holdings Appoints Mark Green as Head of Global Corporate Development and M&A
  • QNX OS for Safety Integrated in NVIDIA DRIVE AGX Thor Development Kit at General Availability
  • Alset AI Announces Formal Commencement of Early Warrant Exercise Incentive Program to Strengthen Balance Sheet for Growth

RSS Latest on Block3Wire

  • Covo Finance: Revolutionary Crypto Leverage Trading Platform
  • WorldStrides and HEX Announce Partnership to Offer High School and University Students Innovative Courses Designed to Improve Their Outlook in the Digital Age
  • Cathedra Bitcoin Announces Leasing of 2.5-MW Bitcoin Mining Facility
  • Global Web3 Payments Leader, Banxa, Announces Integration With Metis to Usher In Next Wave of Cryptocurrency Users
  • Dexalot Launches First Hybrid DeFi Subnet on Avalanche

RSS Latest on Meta3Wire

  • Thumbtack Honored as a 2023 Transform Awards Winner
  • Accenture Invests in Looking Glass to Accelerate Shift from 2D to 3D
  • MetatronAI.com Unveils Revolutionary AI-Chat Features and Interface Upgrades
  • Purely.website – Disruptive new platform combats rising web hosting costs
  • WEMADE and Metagravity Sign Strategic Alliance MOU to Collaborate on Blockchain Games for the Metaverse
Web3Wire

Web3Wire is your go-to source for the latest insights and updates in Web3, Metaverse, Blockchain, AI, Cryptocurrencies, DeFi, NFTs, and Gaming. We provide comprehensive coverage through news, press releases, event updates, and research articles, keeping you informed about the rapidly evolving digital world.

  • About Web3Wire
  • Web3Wire NFTs – The Web3 Collective
  • .w3w TLD
  • $W3W Token
  • Web3Wire DAO
  • Event Partners
  • Community Partners
  • Our Media Network
  • Media Kit
  • RSS Feeds
  • Contact Us

Whitepaper | Tokenomics

Crypto Coins

  • Top 10 Coins
  • Top 50 Coins
  • Top 100 Coins
  • All Coins – Marketcap
  • Crypto Coins Heatmap

Crypto Exchanges

  • Top 10 Exchanges
  • Top 50 Exchanges
  • Top 100 Exchanges
  • All Crypto Exchanges

Crypto Stocks

  • Blockchain Stocks
  • NFT Stocks
  • Metaverse Stocks
  • Artificial Intelligence Stocks

Media Portfolio: Block3Wire | Meta3Wire

Web3 Resources

  • Top Web3 and Crypto Youtube Channels
  • Latest Crypto News
  • Latest DeFi News
  • Latest Web3 News

Blockchain Resources

  • Blockchain and Web3 Resources
  • Decentralized Finance (DeFi) – Research Reports
  • All Crypto Whitepapers

Metaverse Resources

  • AR VR and Metaverse Resources
  • Metaverse Courses
Claim your space in Web3 with .w3w!
Top 50 Web3 Blogs and Websites
Web3Wire Podcast on Spotify Web3Wire Podcast on Amazon Music 
Web3Wire - Web3 and Blockchain - News, Events and Press Releases | Product Hunt
Web3Wire on Google News
  • Privacy Policy
  • Terms of Use
  • Disclaimer
  • Sitemap
  • For Search Engines
  • Crypto Sitemap
  • Exchanges Sitemap

© 2024 Web3Wire. We strongly recommend our readers to DYOR, before investing in any cryptocurrencies, blockchain projects, or ICOs, particularly those that guarantee profits.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Coins
    • Top 10 Cryptocurrencies
    • Top 50 Cryptocurrencies
    • Top 100 Cryptocurrencies
    • All Coins
  • Exchanges
    • Top 10 Cryptocurrency Exchanges
    • Top 50 Cryptocurrency Exchanges
    • Top 100 Cryptocurrency Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks

© 2024 Web3Wire. We strongly recommend our readers to DYOR, before investing in any cryptocurrencies, blockchain projects, or ICOs, particularly those that guarantee profits.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.