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.”
- ADACardano
- Price$ 0.237148
- Change1.58%
- Marketcap$ 8.81 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-7fBZdcAbout 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.
Related Posts
Fobi AI Provides Corporate Update Regarding FFCTO Revocation Process and Q3 Interim Filings
VANCOUVER, BC, May 29, 2026 (GLOBE NEWSWIRE) -- Fobi” or the “Company”), a leader in AI powered data intelligence and digital wallet solutions, today provided an update regarding the status of the Company’s ongoing efforts in connection with the revocation of the existing failure to file cease trade order (“FFCTO”)...
Read moreDetailsCrypto News Today: AlphaPepe Presale Stage 17 Nears Sell Out While XRP Price Prediction Eyes $7.00
MONACO, May 29, 2026 (GLOBE NEWSWIRE) -- Crypto news today is turning toward AlphaPepe as Stage 17 moves closer to sellout with the current presale price set at $0.01804 per token. The presale has already crossed $1.36 million in total capital raised, the holder count has passed 9,000, the AlphaSwap...
Read moreDetailsCash and Gift Cards Dominate Consumer Reward Preferences: Kashkick Survey of 224,000+ Aligns With $507B U.S. Gift Card Market
Tampa, FL, May 29, 2026 (GLOBE NEWSWIRE) -- A new Kashkick survey of 224,679 U.S. consumers across all 50 states finds that cash and gift cards together dominate consumer reward preferences, with 54.14% of respondents ranking cash (PayPal, Venmo) as their #1 most desirable reward and 34.06% ranking gift cards...
Read moreDetailsVitalist Announces Change of Auditor
CALGARY, Alberta, May 29, 2026 (GLOBE NEWSWIRE) -- Vitalist Inc. (TSX-V: VITA.V; OTCQB: VTLSF) ("Vitalist", "we", "our" or the "Company"), a dynamic global smartwatch company, today announced a planned transition of its independent auditor. Following a recommendation from the Audit Committee, the Board of Directors has appointed Davidson & Company...
Read moreDetailsCloudastructure Receives Notice From Nasdaq
PALO ALTO, Calif., May 29, 2026 (GLOBE NEWSWIRE) -- Cloudastructure, Inc. (Nasdaq: CSAI), a provider of AI-powered video surveillance, remote monitoring, and cloud-based security analytics, today announced it received a notice from Nasdaq on May 26, 2026 indicating that, as a result of not having timely filed its Quarterly Report...
Read moreDetailsLatin American Unit of Top-Ten Global Life Insurer Selects SalesCloser for AI-Driven Customer Engagement and Onboarding
Vancouver, BC, May 29, 2026 (GLOBE NEWSWIRE) -- SalesCloser Technologies Ltd. (“SalesCloser” or the “Company”) (TSXV: SCAI) (FSE: MJ5), a pioneer in autonomous AI sales technology, is pleased to announce that it has been engaged by a Latin American operating unit of a global insurance and financial services group ranked...
Read moreDetailsClip Money Inc. Reports First Quarter 2026 Results
TORONTO, May 29, 2026 (GLOBE NEWSWIRE) -- Clip Money Inc. (TSX-V: CLIP) (“Clip Money” or the “Company”), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce its financial results for the three months ended March 31, 2026. The Company reported continued revenue growth in...
Read moreDetails Local Trade Copier 3.0.0 Introduces Manual-Like Trade Execution and Advanced Trade Randomization for MT4 & MT5
Dubai, UAE, May 29, 2026 (GLOBE NEWSWIRE) -- Rimantas Petrauskas has announced the release of Local Trade Copier Version 3.0.0 for MetaTrader 4 (MT4) and MetaTrader 5 (MT5), introducing a major update focused on trade execution flexibility, prop firm compatibility, and improved account synchronization for forex trading environments worldwide. Starting from Version 3.0.0,...
Read moreDetails EpiCooler Climatiseur: The Best Portable AC & Heater for Any Room — No Installation Required
New York City, NY, May 29, 2026 (GLOBE NEWSWIRE) -- Introduction: The Future of Home Comfort Has Arrived Picture this: it's the peak of summer, your room is sweltering, and you're stuck because your landlord won't allow a permanent air conditioner installation. Or it's mid-winter, the central heating is unreliable,...
Read moreDetailsExosens’ Combined General Meeting of 22 May 2026
EXOSENS’ COMBINED GENERAL MEETING OF 22 MAY 2026 Press release, Mérignac (France), 29 May 2026 – The Combined General Meeting (ordinary and extraordinary) of the shareholders of Exosens (the “Company”) was held on Friday, 22 May 2026, chaired by Mr. Jean-Hubert Vial, Chairman of the Board of Directors. The meeting was attended by...
Read moreDetails
