not approved
Exploring RWA-backed Stablecoin Implementation on Cardano for more Liquidity and DeFi usecases
Current Project Status
Unfunded
Amount
Received
Received
₳0
Amount
Requested
Requested
₳100,000
Percentage
Received
Received
0.00%
Solution
We will create a POC for RWA-backed stablecoins on Cardano to demonstrate feasibility and prepare potential partners and market participants for a launch.
Problem
DeFi on Cardano still lacks liquidity and stable investment options. A stablecoin backed by real-world assets (RWAs) could bring new liquidity and broaden investment horizons in our ecosystem.
Impact Alignment
Feasibility
Value for Money